Submitted by John_Folmar on
Symptom

Why can't I edit posted documents in MIP Fund Accounting? 

Cause

Data integrity, strong Internal Control capability, and auditability are hallmark principles designed into the MIP Fund Accounting system. In support of these principles concerning transaction entry, MIP adheres to the best practice of separating the Initiation, Approval, Recording, Reconciliation, Asset Handling, and Report Review processes as separate roles. MIP equates Posting a transaction with the “Recording” function/role. To protect the integrity of the steps preceding and following the Posting/Recording function, changes to a posted transaction are not allowed. 

Resolution

To affect changes or resolve errors in posted Transactions, use the Reverse Posted Session feature to reverse all or part of the posted transaction as the situation may require. Additionally, you can use the Copy Posted Session feature to copy transactions that contain minor errors. The copied transactions can be modified for corrections and then reposted along with the reversing transaction. 

 

This process assures a clean audit trail and transparency into all changes to recorded/posted transactions. 

Article Type
Product Info
Product Line
MIP Fund Accounting
Product Module/Feature
General Ledger
Product Version
2021.1.2
2021.1.1
2021.1.0
2020.3.3.0
2020.3.1.0
2020.3.0.1
2020.3
2020.2
2020.1.4
2020.1.2
2020.1.1
2020.1.0
2020.1
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