Cancel a Year End Reclass Adjustment

In the Cancel Year End Reclass Adjustment panel, you can cancel/reverse the reclass ledger entries that the system posted when you used the Year End Reclass Adjustment panel.

To cancel year end reclass adjustment entries:

In Accounting Center, in the left navigation pane, click Transactions > Ledger > Year End Processing > Cancel Year End Reclass Adjustment.
You see the Cancel Year End Reclass Adjustment panel.
Complete the options in the Cancel Year End Reclass Adjustment panel to identify the activity that you want to cancel.
You can cancel activity for one or for all accounting bases for a specified entity. You can select only funds that process Friday forward accruals and use split earn thru rules with a monthly split option.
Click Submit.

Cancel Year End Reclass Adjustment Panel Options

The following are the options in the Cancel Year End Reclass Adjustment panel.

Option	Tag	Description
Cancel Year End Reclass Adjustment
Portfolio ID	1163	Specifies the unique identifier of the entity.
Portfolio Name	1164	Specifies the name of the entity.
Select Query Option	2283	Indicates whether to cancel year end closeout entries for one or all accounting bases for the specified entity. Options include: One Entity/One Basis. Default. Cancels year end closeout entries for a single accounting basis for the entity. If you select this option, you must identify that basis in the Accounting Basis field. One Entity/All Bases. Cancels year end closeout entries for all accounting bases defined for the entity.
Accounting Basis	21	Specifies the accounting basis to process for the selected entity. This field appears if you set the Select Query Option field to One Entity/One Basis.
Account Currency	86	Displays the base currency for the entity/accounting basis. This field appears if you set Select Query Option to One Entity/One Basis.
Target Event Id	26	Specifies the event ID for the event you want to cancel.
Date Information
Ledger Period Year End Date	921	Specifies the year end date for which you most recently posted closeout entries for the entity. This field is available if you ran a year end reclass adjustment that meets the specified criteria.
Accounting Date	36	Displays the accounting date of ledger entries for the entity to cancel. The accounting date for the posting is equal to the first business day of the next fiscal year (following day).
Mnthly Acct Per Date	4733	Displays the month end accounting date for the entity. The monthly accounting date for the posting is equal to the first business day of the next fiscal year (following day).
Ye Reclass Flag	18054	Displays whether the system ran a year end reclass adjustment for the corresponding accounting period for the entity as follows. This field appears if you did not previously run a year end reclass adjustment. A null value indicates that you did not run the Year End Reclass Adjustment process. A value of Y indicates you ran the Year End Reclass Adjustment process. A value of N indicates you ran the Cancel Year End Reclass Adjustment process.