Beginning Balances Do Not Display
The beginning balances do not display on General Ledger reports.
Products Affected: General Ledger
Versions Affected: Any
Beginning balances were posted to the first month of the new year (if using a calendar year, this is January).
If you want to see the beginning balances as of the first month of the year, you must post the transactions to last month of the prior year (if using a calendar year, this is December). This way, beginning balances roll over to become beginning year balances.
Void the original beginning balances that were posted to January (or the first month of the fiscal year) and post the reversal to January (or the first month of the fiscal year). Then re-enter the beginning balances and post them to December (or the last month of the prior year).
Or, restore a financial backup from before you posted beginning balances.
- Under Manage Records, select the Transactions tab.
- In the drop-down list, select General Ledger Transactions and click Go.
- Click Add/Edit Transactions.
- Click the view bar, and select Closed Transactions.
- Click the view bar again, and select General Ledger.
- Under Posting Period, select the correct Month/Year.
- Select the transaction you want to void and click Void.
- When the confirmation message displays, click Yes.
- Select the void Month/Year, then enter a void explanation.
- Click Post Void.
- Under Manage Records, select the Transactions tab.
- In the drop-down list, select General Ledger Transactions and click Go.
- Click Add/Edit Transactions, then click Beginning Bal.
- Enter information in the appropriate fields. For more information on these fields, see the Additional Field Descriptions below.
- When finished, click OK.