Post Balances

Select this field to calculate balances for each account in the site. Using the Cutoff Date, the system creates two reversing ledger transactions for each account's balance which represent the closing and opening balances for the old and new hierarchy structure. The system then posts the closing balance up the old hierarchy and changes the Reports To designation. To finish the process, you need to run the Ledger Consolidation utility to post the opening balances up the new hierarchy.