Utility - Post Imbalance

Menu Selection: Document - Utility - Post Im Balance

Purpose

Allows the user to bring the ledgers in to balance.

Prerequisites

You should run a General Ledger - Trial Balance report to determine if an imbalance exists. If an imbalance does exist, you should also do a back up before using this utility.

Context

This utility brings the general ledger into balance where a single sided entry may have occurred due to some system failure. This amount is posted to the BALANCE - ADJUSTMENTS account to permit the operator to do a debit / credit entry to the correct account(s).

The post imbalance utility should be run in the period where the imbalance has occurred.

To clarify where the correcting debit or credit should be posted, run the batch totals report for the period in question, and this will display the particular batch which is out of balance. The run an audit trail report of this batch to ascertain which account needs the correcting entry.

About This Screen

Transaction Processing

From Here

You should journal the imbalance amount into the correct account(s).