Updating next year beginning balances without closing

Use this procedure to update next year's beginning balances for a reporting basis without closing the year.

Select Processing > Reporting Basis > Reporting Basis.
On the Reporting Basis pane, select a reporting basis.
In the Basis Year Close pane, select the year that is previous to the year for which to update beginning balances.
Select Actions > Update Next Year Balance.

Optionally, select the Changed Totals Only check box to update the next year's balance based on changes since the last Update Next Year Balance was generated.
To view the beginning balances, select My Reports > Totals.
Filter on the next year's beginning balance period to view the beginning balances that are stored in the close ledger of the reporting basis.

Note: The periods are displayed in Julian calendar format. Beginning balances are stored in period 000. For example, if you run the action for the year 2014, filter on period 2015000 to view the beginning balances.

For an alternate report view, select My Reports > Reporting Basis > Basis Close Report.