Fiscal Year Change (GL500)

Run Fiscal Year Change (GL500) to change the value of the current accounting period and fiscal year for your Lawson General Ledger company. All account balances, transaction history, and budget information are adjusted to correspond with the new accounting period and fiscal year.

Note: You should run all financial statements and back up the database before you run this program.

If your Company Budget Edit Type is Summary Group (GL10), you will have to run Budget Edit Group Rebuild (FB111) after running GL500.

Note: This program does NOT include those entries in the new Retained Earnings amount for the beginning balance. You must run GLAMOUNTS, GLUNITS (UNIX/Windows) or DBGLGAM, DBGLGLU (IBM i) File Rebuild (GL325) for each year to include those transaction amounts.