Hi,
We setup a new company last year and now I notice that the year end balance on a few GL accounts (period 12) does not not match the beginning balance of the new year (period 0).
It seems the bankentries in the first month of use somehow did get entered in the previous year - are part of the balance/P&L of that year (so all is OK there)- but these are not part of the beginning balance this year.
I assume some of the settings were not right at the begiining which caused this issue, but cannot find what it was.
Just adding an adjustment journal entry to period 1 in this year causes problems when we compare figures of course.
Any idea what went wrong and how to adjust?
thanks Mark
@markv I would run transfer Opening Balances to Next year again. Epicor does an auto transfer when it detects entries in period 1, but you will need to run the process manually to see if it will fix the issue.
Additionally, you can run “Recalculate GL Balances” process too