How do I recompute beginning balances?

Enter the beginning balances for the current year.

A beginning balance is comprised of residual funds brought forward from the previous fiscal year (ending balance). Use Recompute Beginning Balances to calculate the beginning balances for the current year.

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How do I recompute beginning balances?
1. Recomputing beginning balances

Recomputing beginning balances

1. Open Connect General Ledger > Organization > Recompute Beginning Balances.

2. Click GO (CTRL+G).

Connect calculates the beginning balances for the current year.