RE-FX Periodic Posting - RERAPP

[Former Member]

Hi,

For the RE-FX posting program RERAPP. If there are contracts with cash flow items with a due date for Feb, however only the current accounting period for January is open, how can the business run the program for the following month if they don't open the period?

Eg: both expense and revenue items with due date of 1st Feb. When running the RERAPP program the posting date of 1st Feb should be used so that these documents are posted into the correct period. However the business only have period January open.

What should I suggest?

Thanks,

[franz_posch]

Hi Glen,

do the open items belong to month January or to month February for the calculation period?

If the calculation period is January then I think it should be correct to post with posting date in January.

But if the calculation period is February then the item belongs to February posting period. You can then also post the item to January if February is not open yet but then it might be necessary to do an Accruals run to transfer the postings to the correct period.

Best regards,

Franz

[former_member765296]

Hi Franz

I know this thread is quite old, but I have a follow on question as I experienced the same issue.

We also require the February cashflows to be posted in January already (To ensure the vendors receive payment before the month starts in Feb for their Feb rentals) and we also require the posting period to be the correct month (February).

I followed your suggestions with the Accruals/Deferrals postings and seems to work fine.

However, Because in the Accounting Symbol config in RE-FX, you can assign a different GL account to an account symbol with or without a valuation.

This becomes an issue with the Accrual/Deferral postings because in the config of A/D you can not split between valuation or non valuation GL accounts.

Any suggestions?