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When will records hit GL_BALANCES

Discussion in 'Oracle Financials' started by Bharat, Jun 29, 2013.

  1. Bharat

    Bharat Community Moderator Forum Guru

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    Hi All,

    What are the possibilities for records to enter into GL_BALANCES?? Do we get records directly to GL_BALANCES without hitting Journal Entries in any case? If there is such case please let us know the cases here.
     
  2. Bharat

    Bharat Community Moderator Forum Guru

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    Hi All,

    Can anyone suggest on this.
     
  3. umanagamalla

    umanagamalla Guest

    Hi..

    There is a possibility of updating GL Balances directly on year end. When you open first period of next financial year, system will post balances directly into Retained Earnings account without generating any journal entries.

    As a alternative you can also use period closing journal entries programs too, by defining adjustment periods if you want a audit trial.

    Regards
    Uma
     
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