Business Value
You can now correct dimensions for general ledger (G/L) entries to ensure your financial reporting gives you accurate insights without having to make notes of temporary data entry mistakes. For one or more G/L entries, you can change the dimension values, add dimensions or remove them.
How does it work?
Feature details
When a data entry mistake happens, either in journal entries, document posting, or data added through APIs, it distorts the picture of the business you get from financial analyses.
Often, the data is used only for financial reporting, and doesn’t necessarily need to be corrected on the source document.
On the General Ledger Entries page, the Correct Dimensions action lets you correct dimensions on posted entries by editing the dimension value, adding new dimensions, or removing them.
Administrators can also lock dimensions for corrections, specify that corrections must respect closed accounting periods, and view a change log for a given G/L entry in order to revert the entry to its original value.
