Rollback Object Transactions

Explanation

This activity is used to rollback the imported lease opening balance transactions by using the Rollback Object Transactions right mouse button in the Lease Accounting Contract window.

Prerequisites

Before the rollback of the events is performed:

• The lease opening balances should be imported.
• The Right of Use Asset must have the Active status.

System Effects

As a result of this activity:

• Rollback vouchers of voucher types A and LA are created and transferred to the hold table in IFS/Accounting Rules for transactions relating to fixed asset and lease accounting.
• Postings for rollback are created as opposite postings to those originally created. These are created as correction vouchers, i.e., negative debit and credit amounts. When canceling an event, the voucher date for the original event is displayed as default.
• The Fixed Asset Object connected to the Lease Accounting Contract would be in Registered status after the rollback is performed.
• The check box Exclude from Postings in the Amortization Schedule tab will be cleared as a background process when the opening balances are rollbacked.
• The cut off date of the imported balances will be cleared from the General tab of the Lease Accounting Contract window.

Window

Lease Accounting Contract

Related Window Descriptions

Lease Accounting Contract
Rollback Object Transactions

Procedure

Use the following procedure to rollback lease opening balances,

1. Open the Lease Accounting Contract window and search for the contract that you want to roll back the imported lease opening balances.
2. Right-click on the header of the window and click Rollback Object Transactions right mouse button.
3. Select the latest object transaction linked to the object.
4. Right click and select the Roll back Object Transactions right mouse button. In the Rollback Object Transaction dialog, the Voucher Date, User Group, and Voucher Type for FA posting information and LA posting information will be prompted. (Note: Voucher Type of both A and LA cannot be edited, and original voucher type will be used to rollback transactions as well. LA Voucher Date cannot be edited, and the date specified in the A voucher will be defaulted to LA voucher date.)
5. Click OK, then both A and LA vouchers for fixed assets and lease accounting will be roll backed.