Clearing ledger company balances and transactions

You can clear balances and transactions for a ledger company for one or more periods within a fiscal year. 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).

Clear company balances and transactions

  1. Access Ledger Company Copy Delete (ML110).
  2. Select your clearing parameters.
  3. Specify this information:
    Action

    Select Z (Zero) in this field.

    Ledger

    Select the name of the ledger for which you want to clear company transactions and balances.

    Company

    • To clear balances and transactions for all the ledger companies in the ledger, leave this field blank.

    • To clear balances and transactions for one ledger company, specify or select the company number.

    Copy tab

    Leave this tab blank.

    Zero tab

    If you leave all the fields on this tab blank, the program clears the current period in the current fiscal year, and does not clear the period beginning balances.

    Period

    You can clear a range of periods. If you leave these fields blank, the current period defaults. If you leave the end period field blank, the beginning period defaults.

    Fiscal Year

    You can clear balances and transactions in a specific fiscal year.

    If you leave this field blank, the current year defaults.

    Beginning Balances

    You can zero out the fiscal year beginning balances.

    The default is No.

Files affected by clearing balances and transactions

These files are affected when you clear balances and transactions for a company.

MLCUAMOUNT, DBMLMCA MLCONTROL, DBMLMLC
MLCUCNTRL, DBMLMCC MLJELOG, DBMLMJL
MLAMOUNTS, DBMLMLA MLTRANS, DBMLMLT
MLCONSOL, DBMLMCN MLUNITS, DBMLMLU