Updating transaction open balances
Use this procedure to update the beginning and ending accounting balances in the Cash Management consolidation file. The balances specified at the company level are consolidated and applied to the balances at the cash code level.
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Access Transaction Account Balance Update (CB99.4).
Transaction Account Balance Update (CB99.4) is used to add balance records when first tracking transactions through the Cash Management consolidation file. You can also use it to modify existing account balances that are incorrect.
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Specify the cash code and date that you will to edit the beginning and
ending balance. Use these guidelines to specify the field values:
- Beginning Bank Balance
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This is the beginning balance amount for the specified date for the cash code.
- Ending Bank Balance
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This is the ending balance amount for the specified date for the cash code.
- Company
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This is the company to which balances are applied.
- Beginning Balance
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The balance of issued transactions for the selected company (less any voided, stop paid, and escheated transactions) that are in an open status at the beginning of the day.
- Ending Balance
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The current balance of issued transactions (less any voided, stop paid, and escheated transactions) that are in an open status.
- Click Add to update your transaction balance.