Re: GL year end closing

Mon,
The report usually prints the AR/AP control accounts matched to
Customer/Supplier year end balances. 
Here are the steps
1. Run your unprocessed transactions report in the modules that are not
in balance from the utilities menu and fix those issues
2. Run your Debtors/Creditors report (Summary option) by period and see
which period you are out of balance. You would find 2 reports in your
spool the first one would be similar to your GL year end discrepancy
report.
3. In most cases your GL might have a higher balance than AR/AP. This is
due to the fact that the system might not have updated the
customer/supplier balance for some transactions.
4. If you are able to isolate those specific customers or Suppliers you
can rebuild their balances or else you can rebuild the balances for
entire company from the period you had out of balance issues.
5. If you have had Hierarchy accounts in your customer database and you
recently maintained them that might cause an out of balance issue too
where you have to manually go in and fix the customer period balances.
If you have done purges to your AR system it is always better to set up
a new customer instead of deleting/detaching a customer from hierarchy.

Here are the major files that GL year end close takes into account. 
SLP10, PLP10 and FLP004 if the out of balance is in AR or AP. We do not
have manufacturing module so I am not aware of other files.

Let me know if I can be of further assistance



Ram S. Hari
Director, Information Services
N. Wasserstrom & Sons
Phone: (614) 737 8542
Fax: (614) 737 3275


-----Original Message-----
From: system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]
[mailto:system21-bounces-Zwy7GipZuJhWk0Htik3J/[email protected]] On Behalf Of Mon M. Ferriols
Sent: Friday, February 22, 2008 4:44 AM
To: system21-Zwy7GipZuJhWk0Htik3J/[email protected]
Subject: [SYSTEM21] GL year end closing

Dear list:

User is trying to close GL, however can't proceed and system prints out
a list of accounts that are not balanced. What can be done to correct
the imbalance?

TIA.

Mon M. Ferriols
Information Technology Department
Ionics EMS, Inc.


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