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Forums Financial Management Lawson S3 Financials

GL Balance Rollover

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Anthony
Basic Member
Posts: 12
Basic Member
7/9/2019 2:22 PM
    How do you roll GL balances over from year to year?

    Thank You
    RonT
    New Member
    Posts: 3
    New Member
    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.