Automatic Balancing (tfgld6202m000)
Use this session to automatically reverse balances in profit and loss accounts so that the total profit or loss amount is zero when LN creates the new opening balance sheet.
If the Balancing Method is Individual with Closing Balance, the balances of non profit and loss accounts are also be reversed. Therefore, all accounts have zero balance.
You can execute this session only if all existing batches of the current fiscal year have been finalized.
Field Information
- Company
-
The current company number for which the session is executed.
- Fiscal Year
-
The current fiscal year.
- Transaction Type
-
Enter a journal transaction type.
- Description
-
The description of the transaction type.
- Transaction Entry Date
-
The transaction date.
Default value
The current date.
- Statutory document
-
Enter a document number for balancing statutory transactions.
Default value
The first free document number.
- Complementary document
-
Enter a document number for balancing complementary transactions.
Default value
The first free document number.
- Document Date
-
The document date.
The date on which the document for the reverse entries of the balances in the profit and loss accounts is created.
- Fiscal Period
-
The fiscal period.
Default value
The fiscal period based on the entered transaction date.
- Reporting Period
-
The reporting period.
Default value
The reporting period based on the entered transaction date.
- Tax Year
-
The tax year.
- Tax Period
-
The tax period.
- Print Reporting Currencies
-
If this check box is selected, the report prints the reporting currency of the transactions.
- Transaction Reference
-
The reference linked to all transaction lines.
- Batch Reference
-
The batch reference that describes a group of transactions.