Update Starting Balances - Navigator User Forums

Navigator User Forums

Begin a New Year

Update Starting Balances

profile | register | preferences | faq | search

UBBFriend: Email This Page to Someone!

next newest topic | next oldest topic

Author

Topic: Update Starting Balances

fn user
Member

posted 12-21-2001 03:12 PM

After beginning a New Year I had transactions in the prior year that affected my balances. How do I update those balances in the New Year without having to change the starting balances manually?

IP: Logged

Pamela
Member

posted 12-21-2001 03:28 PM

To update starting balances from prior year end:

Open the current-year data the entity that requires updated balances.
Select Utilities | Update Starting Balances.
Select Yes The system will ask if you have a back up copy of your data files. It is always good practice to have a back up copy of your data files whenever you update starting balances.
Select prior-year data for the same entity. This is where the ending balances will be retrieved.
Select OK. The system will ask you to verify the data files you chose to update balances from.
Select OK if the correct data is shown. The system will verify the entity data files you chose with full name and year you selected to update balances from.
Select OK again if it is correct. The system will work through each account that has a change in balance for you to verify. After the asset and liability accounts it will show you the changes in Net Income and Net Worth.
Verify if correct. The system will return you to the current year where you can verify your starting balances are now correct.

See other Starting Balance Forum entries in the Forum for possible problems and the solutions other users have encountered.

- David
FNI Support

[This message has been edited by fni_support (edited 02-27-2006).]

IP: Logged

All times are PT (US)	next newest topic \| next oldest topic
Administrative Options: Close Topic \| Archive/Move \| Delete Topic
	Hop to:

Contact Us | Home

Ultimate Bulletin Board 5.47e