Beginning fund balance does not match ending balance
- 04 Jun 2023
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Beginning fund balance does not match ending balance
- Updated on 04 Jun 2023
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My beginning fund balance does not match last years ending fund balance.
Why are the expenses I booked in period 12 not included in my period 1 beginning balance?
Answer:
If the beginning balance for the current year does not match the ending balance for the prior year it is possible that End of year closing needs to be run to bring forward your balance.
The utility is located in the General Ledger module
File Maintenance
End of Year Closing.
Select year being closed
Do not check Advance fiscal year or Close a short year
Click OK
This utility does not actually 'close' the year, as FIMS allows you to keep the General Ledger open for multiple years at the same time.
The utility is located in the General Ledger module
File Maintenance
End of Year Closing.
Select year being closed
Do not check Advance fiscal year or Close a short year
Click OK
This utility does not actually 'close' the year, as FIMS allows you to keep the General Ledger open for multiple years at the same time.
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