POST BALANCES FORWARD

DESCRIPTION:  This program brings your balance sheet, liability and fund balance/equity account balances forward to your new year. It also posts your closing entries from your revenue and expense accounts and the offsetting entry to your fund balance accounts.

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To access this program, Click the General Ledger button on the Main Screen ,  and then click the POST BALANCES FORWARD button.  

The following screen will appear:

1.  Enter your PREVIOUS year's Fiscal Start Date.

2.  Enter your NEW year's Fiscal Start Date.

3.  Click OK to start the balance forwarding process.

Error Messages

During the balance forward process, if the program runs into account numbers with errors or problems, it will display error windows telling you the account number and what’s missing. Click OK and a screen will be displayed where you can fill in the missing information.

Missing Valid Account Type

The error window is telling you that the account number is missing an account type.

Valid account types are:

A (Assets)                                        L (Liabilities)

E (Equity)                                        F (Fund Balance)

R (Revenue)                                        X (Expenses)

Missing GL Acct Entry

The error window is telling you that the account number does not exist in Account Maintenance.