HI,
We have closed the monthly accounts P& L and BS in Jun'16. However, one of my staff accidentally changed the following cost center .
In Jun'16 $9 was recorded in Admin cost center (10 ) when the account closed. But in July she has changed from admin(10) to marketing (40) cost center. We only noticed the figures changed in July closing so immediately we changed it back from (40) to (10) in order to get the P&L account tally for Jun. Now I need to do reclass journal in August. Can someone help and explain how and why.
Thanks
We have closed the monthly accounts P& L and BS in Jun'16. However, one of my staff accidentally changed the following cost center .
In Jun'16 $9 was recorded in Admin cost center (10 ) when the account closed. But in July she has changed from admin(10) to marketing (40) cost center. We only noticed the figures changed in July closing so immediately we changed it back from (40) to (10) in order to get the P&L account tally for Jun. Now I need to do reclass journal in August. Can someone help and explain how and why.
Thanks