Working with One-Time Adjustments

Axiom Cost Accounting allows you to directly modify account balances within a given department by posting one-time adjustments. You will most likely use this utility after the Costing General Ledger is initially loaded.

To manage one-time adjustments, from the Setup Guide page, click Data Management > External Financial Data > One-Time Adjustments.

NOTE: Adjustments are not persistent and are overwritten during the next costing period, after the General Ledger is loaded, so you need to address any adjustments made to correct accounting errors in the source system. The appropriate adjusted amount is the actual amount to include in the Costing General Ledger (CGL). When you post an adjustment, the system overwrites the CGL record for the department and account entered.