For users who perform a temporary year-end close, from the time of the temporary year-end close to the final year-end close, the General Ledger Balance Sheet will be out of balance. This is because the Balance Sheet Net Income (BSNI) is calculated using transactions from the new year once you perform the temporary year-end close. In the meantime, the detail transaction for last year is still there on file because final year-end close has not been completed.
This feature introduces a new financial statement layout code: LYNI (Last Year Net Income).
This is similar to BSNI but LYNI only reflects last year data. It will only have a value after the temporary year end has been performed and before the final year-end close. If the value is zero, then it is not printed on the balance sheet at all. If you should include this code on your balance sheet (presumably before BSNI) then your balance sheet will be in balance even after the temporary year end.
When generating the statement of cash flow or the statement of financial position, the LYNI will be automatically generated and included before the BSNI.
The new code is printed on the Layout Edit List.
It is also included when printing the sample layout.
When printing the balance sheet, the last net income amount will only print if the temporary year-end procedure has been performed but the final year-end close has not. Budget and comparative values are not calculated for the LYNI.
The new layout code is also supported in the custom balance sheet and the CSV export.
New Programs: LSTYRWRK.SL, LSTYRWRK.FD, LSTYRWRK.WS, LSTYRWRK.DS, LSTYRWRK.IO,
Programs Modified: GLLAYOUT.WS, GLCALC, LAYMNT, SAFGEN, LAYEDIT2, LAYSAMP2, BSCUSSTM, BSSTMNT, CFSTMNT, FPSTMNT, PLCUSSTM, PLSTMNT