Difference in Beginning Balance

Domo

Hello to All.

My client is closing one dealer.
Path: Accounting-->General Ledger-->Reports-->Financial Statement-->Account Schedule
The Statement of Income for 2012 shows:
Beginning Balance = empty
Period Balance = -165,283.06
Ending Balance = -165,283.06

The Statement of Income for 2013 shows:
Beginning Balance = -841.70
Period Balance = -205,440.30
Ending Balance = -206,282.00

And Consulting: Close Income Statement.
Path: Accounting-->History-->Registers-->Select Journal Batch Name called "CLOSING2012"-->Pressing Register button-->General Ledger

The Amount of the Close Income Statement 2012 shows:
Amount = 164,441.36

1. What should I do within MARS in order to clean/empty the Beginning Balance for 2013?
2. How could I rid of that difference of 841.70?

*Note that -841.70 difference is coming from:
--> Ending Balance 2013 - Period Balance 2013 =-206,282.00 - (-205,440.30)
or also,
--> Ending Balance 2012 + Close Income Statement 2012 = -165,283.06 + 164,441.36

Thanks a lot!

jglathe

Hi Domingo,

the probable cause is that some postings in 2012 have been posted after the Close Income Statement run. To find out if that's the case, you could run the Close Income Statement batch again.

with best regards

Jens

Domo

Hello to All.

I had same results after running the close income statement batch again.
Then, I realised that one mark was activated in 'New Fiscal Year' column, at the middle of last year (01/06/12) within Accounting Periods. The difference was from January to May.
Path: Accounting-->General Ledger-->Periodic Activities-->Fiscal Year-->Accounting Periods

How to solve this:
1. Reverse the Close Income Statement.
2. Remove the mark.
3. Run the Close Income Statement batch again (Thanks Jens)

Now there is no difference and the beginning balance of 2013 is clear.

Thansk for your support!

Regards.