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TOPIC: Auto Reversal Criteria set not working
#1415
arun (User)
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Auto Reversal Criteria set not working 8 Years, 9 Months ago  
Hello Hasan,

The Auto Reversal program does work but the automatic reversal on opening
the next month does not work. Obviously the reason should be the profile
option that you mentioned in your video but I checked it again and again
and I cannot find any error in that. I am attaching a screenshot for your
convenience.

I have another question. In your video you had chosen the same month
reversal in the Auto Reversal Criteria Set. Why would you pass an entry
to be reversed in the same month?Normally it should be the next month for
accrual at least. Is it not? I also found out that in the Vision
database/Ledger there are some Auto Reverseral citeria set which has
chosen the same month for Allocation Journal category. Again what may
be the logic behind that. Can you please explain that in detail?

Thanks,

Arunasish Sircar
 
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Last Edit: 2010/12/27 08:14 By handsonerp.
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#1419
handsonerp (Admin)
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Re:Auto Reversal Criteria set not working 8 Years, 9 Months ago  
Have you attached the reversal set to your ledger?

Yes you are right, adjustment entries are reversed in the next period.

One reason where you would reverse journals in the same period would
be where you have entered the journals by mistake and you wish to
"undo" them. You would not want such reversals to happen automatically
though. You would do that on need basis.

In the video I am not sure if I have reversed the journal in the same period
for a purpose or whether I simply picked just one period. The focus
of the video was to show to how reversals work. If you have any questions,
I can re-watch the video for you to find out more. Yes you are right, adjustment
reversals are reversed in the next period, not in the current period.
 
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#1425
arun (User)
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Re:Auto Reversal Criteria set not working 8 Years, 9 Months ago  
Hello Hasan,

Thanks for your reply. Your website is the most wondeful website to learn Oracle Financials. Largely due to your website I am in a much better position than what I was six months back. I hav learnt a lot. Please keep it going. I would love to see a series on Subledger Accounting.

Regarding AutoReversal Criteria set being attached to the ledger - yes I did that. Otherwise the Auto Reversal program would not work. But for some really strange reason the automatic Reversal refuses to function. I have checked the profile option up and down and done the Journal Entries number of time but still the problem persists.

Thanks,

Arun
 
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#1426
arun (User)
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Re:Auto Reversal Criteria set not working 8 Years, 9 Months ago  
My reply has got truncated. So I will just write it again so that it makes
sense.

Thanks for your reply. Your website is the most wondeful website to learn
Oracle Financials. Largely due to your website I am in a much better position
than what I was six months back. I hav learnt a lot. Please keep it going.
I would love to see a series on Subledger Accounting.

Regarding AutoReversal Criteria set being attached to the ledger - yes I
did that. Otherwise the Auto Reversal program would not work. But for
some really strange reason the automatic Reversal refuses to function.
I have checked the profile option up and down and done the Journal Entries
number of time but still the problem persists.

Thanks,

Arun
 
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#1440
handsonerp (Admin)
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Re:Auto Reversal Criteria set not working 8 Years, 9 Months ago  
I am glad you are benefiting from the videos.

About your month end reversal issue:
*) After "Open Period" program, another program should
be automatically launched called: "Program - Automatic Reversal".
Is it launching in your system?
This will help us narrow down first if the problem is with
reversal program not being triggered at open period or
with the criteria not picking up anything.
 
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#1449
arun (User)
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Re:Auto Reversal Criteria set not working 8 Years, 9 Months ago  
No it is not launching. Instead there is another program ...Document Sequence is getting launched.

Arun
 
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#1463
handsonerp (Admin)
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Re:Auto Reversal Criteria set not working 8 Years, 8 Months ago  
Verify one more thing. Are you opening a new period or a period that
was already opened and later on closed by you?
The Reversal program is suppose to launch automatically when you open
a new period.
 
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#1468
gavrobere (User)
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Re:Auto Reversal Criteria set not working 8 Years, 8 Months ago  
Make sure that all the adjusting entries journals have been posted
before your open the Next Period, which should trigger the automatic
reversal of the journals concerned.
 
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#1470
gavrobere (User)
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Re:Auto Reversal Criteria set not working 8 Years, 8 Months ago  
Also, with the profile option "GL: Launch AutoReverse After Open Period"
set to YES, at site level, you must open a new period before the
autoreversal program would be triggered. If you set the profile option to No,
then I would recommend that the accountants run the autoreversal program,
themselves, at the end of the current period, to generate the reversal
journals in the same period (last day of the adjusting period).
-- Ensure also that you have permission to read and write to the ledger
to which you attach the autoreversal criteria set.
 
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#1493
arun (User)
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Re:Auto Reversal Criteria set not working 8 Years, 8 Months ago  
I will try it fresh one more time. I will let you know if I face any problem.
Thanks,

Arun
 
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