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Main Menu > General Ledger > End of Period/Year > General Ledger Balance Rollover |
The General Ledger Balance Rollover program calculates the closing balance for all accounts and carries all balance sheet closing balances forward to the next accounting year. Net Profit is then written to the Profit & Loss Appropriation Account.
This process can be performed multiple times and should be performed each time balances in the previous accounting year are altered.
General Ledger Balance Rollover
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Profit & Loss Appropriation Account - Displays the Profit & Loss Appropriation general ledger account number. Profit & Loss Appropriation C/Centre - Displays the Profit & Loss Appropriation cost centre. |
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Accounting Year to Rollover - Clicking the drop down arrow allows users to select the accounting year to be rolled over. |
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Next Accounting Year - When the accounting year to rollover has been selected the next accounting year will automatically pre-fill with the following year. |
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Rollover Accounting Year - When clicked the General Ledger Balances for the selected accounting year will be rolled over. |
