In order to correct the fiscal dates, you have to do an RT (Reverse Transaction) on the transaction to bring it down to $0, and then post the transaction again with the correct fiscal month/year on it.
Note: Be sure to check that the Fiscal month/year on the batch item is the same as the original transaction when adjusting the existing transaction to $0. You must make sure that the fiscal month/year on the batch item is the same as the original transaction, otherwise you will end up with the original transaction still counting towards the fiscal month/year it is in, and just have a negative amount added to the current fiscal month/year.
For example, if the current Fiscal month/year is 12/6 and you post a $1,500 GF transaction in Fiscal month/year 1/2017, but you decide to change the fiscal year, the following might happen if the adjustment is NOT handled properly:
You do an RT to zero it out, but it has a fiscal month/year 1/2016, then you end up $1500 still counting towards 1/2017, but get a -$1500 in 12/2016 (which results in having $1500 less than the total sum for that fiscal month/year than you would expect):
ADJUSTMENT_SEQ
|
FISCAL_YEAR
| FISCAL_MONTH | PAYMENT_AMOUNT | STS |
---|---|---|---|---|
1 | 2017 | 1 | 1500 | I |
2 | 2016 | 12 | -1500 | I |
3 | 2016 | 12 | 0 | A |
Properly adjusted, it would look like this:
ADJUSTMENT_SEQ | FISCAL_YEAR | FISCAL_MONTH | PAYMENT_AMOUNT | STS |
---|---|---|---|---|
1 | 2017 | 1 | 1500 | I |
2 | 2017 | 1 | -1500 | I |
3 | 2017 | 1 | 0 | A |
Which sums up to $0 for 1/2017.
In the event that you already adjusted the Gift down to $0 with a different Fiscal month/year (like in the first example), where the new active transaction is in the wrong Fiscal year, you will then need to follow these steps to correct it:
1. Do another RT adjustment to set the $0 amount back up to the original amount in the same fiscal month/year you did the adjustment in.
So in the first example, you would need to adjust it back from $0 to $1500 in fiscal month/year 1/2016, so that you no longer have a -$1500. In other words, the -$1500 and newly added $1500 will balance out to $0 so you no longer have an unwanted negative in 1/2016.
2. Do another RT adjustment to set the gift back down to zero, but this time, have it in the fiscal month/year that it was in originally.
So in the first example, you would adjust the now $1500 gift back to $0, but make sure the fiscal month/year is 1/2017, so you will get a -$1500 to cancel out the original $1500.
In the case of a client that already did an adjustment to change the Fiscal Year/Month, but left the amounts the same:
In order to fix a Transaction to count towards the correct (or desired) Fiscal Month/Year, these steps should be done manually:
1. RT Adjust the Active record, and make sure Fiscal Year is the original year (from the now inactive original record) and the Fiscal Month is the original month.
Result: That brings Payment Amount for FY 2019 to zero.
2. Then add a new Transaction with the correct amount, but make sure to use desired Fiscal Month/Year.
Result: Adjustment and new Transactions will cause updates Account Activities record, and then the Payment counts will be correct.