Financial Reporting

Use the Financial Reporting option to Calculate Account Balances. This option extracts information from the general ledger files which is used to calculate account balances and builds a work file for use in producing the financial reports/statements. Once the information has been extracted, it remains unchanged in the work file for producing the various financial statements until the work file is either deleted or a new work file created. If the balances in the general ledger change as a result of additional journal entries being posted or reversed in the current or prior journal periods, or if the budget information is changed, then the extracted information is no longer accurate. The Calculate Account Balances option must be completed again.

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