Balance adjustments

Use balance adjustments to update life-to-date (LTD) invoiced and revenue balances on the project contract and on the project funding source for projects that are migrated. Balance adjustments are also used when invoices are printed.

LTD balances are summarized by the finance structure of the originating transactions. When LTD balances are created or adjusted, you must specify the required dimensions. Accounting entity, account, and any dimension on the FEG that is required must be specified.

If LTD balances are not printed on the invoice or the expense account is not important, then use any account. The account represents the expense account for the originating expense, for example, salaries, fringe, purchases, other expenses. Life-to-date balances are updated without creating receivable invoices or global ledger journal entries.