Balance Sheet reclassification is the last step in the sequence of the Advanced Valuation processes. You use the Post Balance Sheet Reclassification job to sort your assets and liabilities according to their remaining term and their balance so that they can be reported correctly in your financial statements. You need to perform adjustment postings to do this and will find the Post Balance Sheet Reclassification job in the Schedule General Ledger Jobs app.
The Post Balance Sheet Reclassification job offers the following features:
- Adjustment postings to trade receivables and payables according to maturity.
- Adjustment postings for receivables with debit balances and payables with credit balances.
- Consumption of not cleared payments to determine the amount to be reclassified.
- It enables reporting capabilities of impairment effects separated from other valuations and balances.
- It is integrated with the other processes of advanced valuations represented by the following jobs:
- Advanced Foreign Currency Valuation
- Post Discounting of Long-Term Assets and Liabilities
- Post Credit-Risk Based Impairment
The following use cases aren’t supported by the Post Balance Sheet Reclassification job:
- Changed reconciliation accounts or Trading Partners
- Investment reporting
The Financial Statement version can be simplified as less general ledger accounts are required for adjustment postings.
With SAP S/4HANA Cloud Public Edition 2502, the "Post B/S Reclassification" job uses the reversal posting logic, causing the entries to be reversed to the original account in the subsequent period.
New customers should apply this posting logic immediately. Existing customers should begin the transition process because a data migration is required before using the reversal posting logic.
Further information on the reversal posting logic, changes to the user interface of the "Post B/S Reclassification" job template, implementation, and migration details can be found here: What's new in SAP S/4HANA Cloud Public Edition 2502 - B/S Reclassification uses Reversal Posting Logic.