Business

User Tools

Site Tools

Trace:
academy:roll_balances_supplement

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
academy:roll_balances_supplement [2023/05/25 15:38] – emorenoacademy:roll_balances_supplement [2025/06/23 16:53] (current) – emoreno
Line 6: Line 6:
 **Created:** 07/10/2020 **Created:** 07/10/2020
 \\ \\
-**Reviewed:** <color #ed1c24>In Progress</color>+**Reviewed:** 06/23/2025
 \\ \\
-**Revised:** <color #ed1c24>In Progress</color>+**Revised:** 06/23/2025
  
 <div #message></div> <div #message></div>
Line 15: Line 15:
 <WRAP round intro>The purpose of this document is to assist LEAs that did not close revenues and expenditures and did not carry forward balance sheet account balances to the new fiscal year. This information will assist in posting the opening balance sheet amounts to file ID C. <WRAP round intro>The purpose of this document is to assist LEAs that did not close revenues and expenditures and did not carry forward balance sheet account balances to the new fiscal year. This information will assist in posting the opening balance sheet amounts to file ID C.
  
-After your auditor has provided the audit entries for file ID 3 and the audit entries have been posted, you have the option of closing the funds from file ID 3 and transferring the resulting balance sheet amounts to the current file ID for fiscal year 4.  At that time, your Bank Reconciliation System Cash will reflect all cash amounts in the current file ID.+After your auditor has provided the audit entries for file ID 5 and the audit entries have been posted, you have the option of closing the funds from file ID 5 and transferring the resulting balance sheet amounts to the current file ID for fiscal year 6.  At that time, your Bank Reconciliation System Cash will reflect all cash amounts in the current file ID.
  
 <WRAP Box> <WRAP Box>
 **Notes**:  **Notes**: 
-  * If your auditor provides opening entries that you will enter in file ID C, DO NOT use this option.  +  * If your auditor provides opening entries that you will enter in file ID C, **DO NOT** use this option.  
-  * If you continued funds in the Finance EOY Process, DO NOT use this option. Continued funds are not included in this process. +  * If you continued funds in the Finance EOY Process, **DO NOT** use this option. Continued funds are not included in this process. 
 </WRAP> </WRAP>
  
Line 41: Line 41:
  
 <WRAP center round tip> <WRAP center round tip>
-**TIP**:  In the current file ID, verify that the correct fund balance amount is posted as an opening entry. These fund balance amounts should match your LEA’s Audit Report. Adjusting entries may need to be posted to balance these accounts.+**TIP**:  In the current file ID, run the [[finance:inquiry:generalledgerinquiry:generalledgerinquiry|Finance > Inquiry > General Ledger Inquiry > General Ledger Inquiry]] and verify that the correct fund balance amount is posted as an opening entry. These fund balance amounts should match your LEA’s Audit Report. Adjusting entries may need to be posted to balance these accounts.
 </WRAP> </WRAP>
  
  
 <WRAP Box> <WRAP Box>
-**Note**: If you did not post auditor entries in file ID 3 before you rolled balances forward to file ID C, post auditor entries for FY3 in file ID 3 (for Mid-Yr PEIMS) and auditor adjusting entries for balance sheet accounts in file ID C.+**Note**: If you did not post auditor entries in file ID 5 before you rolled balances forward to file ID C, post auditor entries for FY4 in file ID 5 (for Mid-Yr PEIMS) and auditor adjusting entries for balance sheet accounts in file ID C.
 </WRAP> </WRAP>
  
academy/roll_balances_supplement.1685029122.txt.gz · Last modified: 2023/05/25 15:38 by emoreno

Page Tools

Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International

Americans with Disabilities Act (ADA) and Web Accessibility

The Texas Computer Cooperative (TCC) is committed to making its websites accessible to all users. It is TCC policy to ensure that new and updated content complies with Web Content Accessibility Guidelines (WCAG) 2.0 Level AA. We welcome comments and suggestions to improve the accessibility of our websites. If the format of any material on our website interferes with your ability to access the information, use this form to leave a comment about the accessibility of our website.