Processing an Undo Close
If you must reverse the retained earnings (interim and year end closing) and balance-forward calculations (year end closing), you can run an undo process.
Note: For year end close, it is not necessary to run an undo close before rerunning a year end close because existing amounts are always deleted first.
The undo process differs depending on whether you undo an interim close or a year end close.
This section discusses:
When you run the interim close process, the system creates an entry in the process log that includes:
User ID.
Closing rule.
As of date.
Date-time stamp.
Source instance (which comprises process instance and request number).
To undo an interim close:
Obtain the process instance and business unit from the process log.
Enter the process instance and business unit on the Close Request process page.
The system calls the Journal Posting process to unpost or delete the journals, whichever is necessary.
To undo a year end close, enter the ledger group, ledger (if necessary), fiscal year, and business units that you want to unclose.
When you run an undo for a year end close and you elect not to create journal entries, the system clears the period 999 (results of year end close) and period 0 (balance forward) rows from the ledger. To create journal entries, the system deletes the journal entries and clears the period 999 and period 0 rows.