| To create a correction transactionTo create a correction transaction, take the following
steps: - In the Operations Management - Financial Reconciliation (tfgld4595m000) session, select
the transaction that causes the error. The transaction must have the Ready status. On the appropriate menu, click Reconciliation Correction or Reconciliation Rounding Correction as applicable.
The Operations Management - Financial Reconciliation (tfgld4595m000) details session
starts.
- Enter the details of the correction transaction. The ledger
account of the transaction is displayed. When you post the correction
transaction later, you can enter the contra account for the correction
transaction.
- Save the correction transaction. In the Operations Management - Financial Reconciliation (tfgld4595m000) session, on the View menu click Refresh. The correction is
added at the top of the list. The Kind of Transaction is Correction (Not Final) and the status is Unposted.
- Check the effect of the correction transaction on the total
amounts.
- If you wish, you can print a report to check the effect of the
corrections on the balances before you post the transactions. In the Print Reconciliation Data (tfgld4495m000) session, select the Include Unposted Reconciliation Corrections check box.
- Make a note of the reconciliation area and subarea. You need
this later to post the corrections.
- Post the corrections for one reconciliation group with the Post Reconciliation Corrections (tfgld4295m300) session. If you wish, you can first
simulate the posting.
You must enter the following data: - The correction transaction type and series used to generate
the document number. The transaction type must be Journal Voucher.
- The contra account for the other side of the correction
transaction.
Note To create correction transactions in batch,
use the Create Reconciliation Corrections (tfgld4295m700) session. | |