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general:runoutofbalance_step17
Correct out-of-balances
Log on to file ID C.
Finance > Utilities > Out of Balance Correction
In the new current file ID, correct any out-of-balance occurrences. If there are no out-of-balance occurrences, continue to the next step.
This utility is designed to locate out-of-balance accounts in the End-of-Month (EOM), current, and next accounting periods.
If out-of-balance accounts exist, the FIN1600 - Batch Process Balance Error Listing Report is displayed with a list of the accounts. These out-of-balance situations may have been inadvertently caused by the system (e.g., missed transactions in the End-of-Month (EOM)). After processing the utility, the totals are recalculated and corrected in the general ledger.
IMPORTANT: The utility will not correct a true out-of-balance entry where a Fund Total is displayed in the General Ledger; those still need to be submitted for correction.
The ASCENDER processing logo is displayed upon accessing the page indicating that the program is searching for any out-of-balance accounts in the EOM, current, and next accounting periods.
If all accounts are in balance, the following message is displayed: All accounts for EOM, Current and Next Accounting Periods are in balance.
If any out-of-balance accounts exist for YC, AC, AA, the FIN1600 - Batch Process Balance Error Listing Report is displayed with a list of the accounts. Review the report.
- Click Process to recalculate the totals and correct out-of-balances in the general ledger.
- Click Cancel to cancel the process.
A message is displayed indicating that the process was completed successfully.
general/runoutofbalance_step17.txt · Last modified: 2024/09/23 19:03 by emoreno