Clearing company balances and transactions

You can clear balances and transactions for a General Ledger company for one or more periods within a fiscal year. This option is only available for test companies. This gives you the flexibility to back out data or correct errors as you test a new system during implementation or upgrades. This procedure describes the process for clearing out company balances and transactions for a test company.

The company you are clearing balances and transaction for must have Test selected in the Status field on Company (GL10.1).

  1. Access Company Copy/Delete (GL110).
  2. Use these guidelines to specify the field values:
    Action

    Select Zero to zero-out company information.

    Company

    Select the General Ledger company that you want to clear the balances and transactions.

    Company Group

    Select the company group that you want to clear the balances and transactions.

    Period

    Select the period or range of periods that you want to clear the balances and transactions.

    Fiscal Year

    Select the fiscal year that you want to clear the balances and transactions. To completely clear company balances, run this program for each fiscal year.

    Beginning Balances

    Select Yes to clear beginning balances for the fiscal year. The default setting is No.

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