Finance: Enhancements to Product balance in the Period account register (PAR) application
Gaute Solheim
started a topic
over 3 years ago
Classification: USEFUL
Select a period in the Period account register (PAR) application and press ENTER. Click on the Product Balances tab to see the enhancements.
We have added several key figures to make it easier to control the product balance, and to ensure that everything is correct before closing the period. In the top left corner, you will see the total product balance, with a link to the Product balance (PROBAL) application. To the right you will find the General Ledger (GL) account balance. This is a sum of all GL balance accounts used for product balance import. In the bottom right we have added sum of all period amounts from product balance, as well as the sum of the total balance.
Users will also receive a warning if the sum of the total balance deviates from the total product balance. This probably indicates that you need to import product balance again, because there have been changes since the last import. The second warning you receive is that the product balance deviates from the total GL account balance.
Manual import of Product balance has been changed, so this can now be started by using the action menu option Import Product Balance to General Ledger. This will now reverse old postings and import a new. We have also removed the icons for creating ATRs for each transaction type and removed the action menu option Discard ATRs for product balance import.
We hope that these new features will make it easier for you to have control over your product balance when doing period closure.
Gaute Solheim
Classification: USEFUL
Select a period in the Period account register (PAR) application and press ENTER. Click on the Product Balances tab to see the enhancements.
We have added several key figures to make it easier to control the product balance, and to ensure that everything is correct before closing the period.
In the top left corner, you will see the total product balance, with a link to the Product balance (PROBAL) application.
To the right you will find the General Ledger (GL) account balance. This is a sum of all GL balance accounts used for product balance import.
In the bottom right we have added sum of all period amounts from product balance, as well as the sum of the total balance.
Users will also receive a warning if the sum of the total balance deviates from the total product balance. This probably indicates that you need to import product balance again, because there have been changes since the last import.
The second warning you receive is that the product balance deviates from the total GL account balance.
Manual import of Product balance has been changed, so this can now be started by using the action menu option Import Product Balance to General Ledger. This will now reverse old postings and import a new.
We have also removed the icons for creating ATRs for each transaction type and removed the action menu option Discard ATRs for product balance import.
We hope that these new features will make it easier for you to have control over your product balance when doing period closure.
Read more here
Release date: 19 October 2021