Configuring RAN

Before you run the year-end closing balances, you must post a journal in SunSystems Cloud to transfer the prior year's profit or loss to retained earnings.
  1. In Infor OS Portal, select SunSystems Cloud.
  2. In the Search field, specify LEN and select Ledger Entry (LEN).
  3. In the Business Unit Code field, specify the code of your business unit.
  4. Click the Line Entry tab and specify this information for your appropriation account:
    Journal Type
    Specify your year-end journal code.
    Transaction Reference
    Specify the name of the journal.
    Accounting Period
    Specify the last month of an accounting period.
    Transaction Date
    Specify the last day of an accounting period.
    Account Code
    Specify 880000.
    Transaction Currency
    Specify the transaction currency.
    Debit/Credit
    Select Debit for the profit or Credit for the loss.
    Transaction Amount
    Specify the transaction amount.
  5. Click OK.
  6. Click the Grid Entry tab and verify whether the appropriation account line has been added to the table.
  7. Click the Line Entry tab and specify this information for your balance sheet account:
    Account Code
    Specify 120000 for the profit or 129000 for the loss.
    Debit/Credit
    Select Credit for the profit or Debit for the loss.
    Transaction Amount
    Specify the transaction amount.
  8. Click OK.
  9. Click the Grid Entry tab and verify whether the balance account line has been added to the table.
  10. Click Post.
  11. In the Search field, specify LBC and select Ledger Balance Configuration (LBC).
  12. In the Business Unit Code field, specify the code of your business unit.
  13. In the Ledger area, select A.
  14. In the Start Year field, specify a year from which to calculate SunSystems Cloud balances.
  15. Click OK and then click Yes.