The Recalculate Account Balances application recalculates the balances of G/L accounts. It recreates the Account Balance File from information in the General Ledger Transaction Processing File.
This procedure only needs to be run during the initial setup of G/L and if you manually change starting or ending accounting period dates during your fiscal year except for the current period.
The Account Balance file is used to print the Trial Balance Report (if the Show Detail ? flag in the report is set to N), and to produce financial statements.
Select Recalculate Account Balances from the pull down G/L Processing window. The following screen will then be displayed:
Recalculate Account Balances Entry Screen
The following option is available:
- Answer the Are You Sure ? question.
To return to the menu bar, answer N for No to the Are You Sure ? question or complete the processing. To leave this application, press X for EXIT when positioned at the menu bar.
Recalculate Account Balances Processing