Hi All,
This issue is relating to IFS application year-end process. Our customer informed us IFS Application automatically generated an imbalanced year-end voucher when transferring retained earnings from period 13 to the period 0 through GP8 posting. Please refer below step by step test plan where this imbalance voucher automatically created by the IFS application.
Step by step test plan.
01. Proceed with the IFS applications year-end procedure.
02. Clear Revenue/Cost Balances: Clear Profit or Loss down to Retained Earnings.
03. Preliminary Year End: Transfer Preliminary Balances.
04. Run the ‘Final Year End’
In this 4th step, Year End Balance Transfer voucher automatically created (Voucher type -YEM) with currency imbalanced as 1. Please see the screenshot below.
Observation
We analyzed the automatically created year-end imbalanced voucher and noted the difference came from the system automatically calculated retained earning adjustment.
Could you experts please suggest ways of which we can resolve this issue.
Thanks in advance.
Regards,
MalinG.