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Forums Financial Management Lawson S3 Financials

GL Balance Rollover

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Anthony
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7/9/2019 2:22 PM
How do you roll GL balances over from year to year? Thank You
RonT
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7/10/2019 1:49 PM
When you run the GL199 to close your last period in the fiscal year, all of your income statement account balances will be cleared out and the system will update the net assets/retained earnings for the balance sheet. All of the balance sheet account ending balances are rolled forward and become the beginning balances for the new fiscal year. Hope that helps.