Beginning balance entries in GL30000 1

[RickSchultz]

Upon closing a year, the GL20000 table is transferred to GL30000. My question is: Do the Beginning Balance transactions from the beginning of the year being transferred move over to GL30000? Since the data they summarize is already in GL30000, it would appear redundant to pass that data, but I need to understand this before making those kinds of assumptions.

Thanks!

 

[barbola]

The beginning balances are transferred into GL20000. The source document is BBF.

We track Unit accounts and have to manually clear these BBF amounts after year-end.

 

[RickSchultz]

Barbola,

Thanks for the quick response. It wasn't quite what I was looking for; let me clarify with an example:

I close 2006. Among other actions, a BBF transaction is stored in GL20000 to set my beginning balances for my Current Year GL.

A year passes.

Now, I close 2007. The contents of GL20000, which I've been adding to all year, are passed to GL30000. Does GP pass the BBF transactions, along with the other transactions entered during the year, from GL20000 to GL30000, or does it winnow them out?

 

[VictoriaYudin]

Rick,

Sorry, there is no winnowing :-(, the BBF transactions are transferred over to the GL30000 table.

Victoria Yudin
Dynamics GP MVP
Flexible Solutions - home of GP Reports

http://www.flex-solutions.com/gpreports.html