Update Master Accounts

Use the Update Master Accounts routine during year-end to roll the calculated Account Ending Balances from the closing Fiscal Year into the Beginning Balances of the new Fiscal Year.  This routine also increments the Period Closing Date by one year and sets the Period Balances for all Periods to zero.

Also called:  Pre-Adjustment Year-End

For additional information, click More.

Directions:

To see directions for...

• Opening the Update Master Accounts routine, click More.

   

  • Basic Method (from the G/L Module):

  1. Click Year End from the Menu Bar.

  2. Click Update Accounts.
     
     Tip:  Or, use the keyboard shortcut:  [ALT] [y] [u].
      

  3. Advanced Method (from another NDS Module):

  1. Click General Ledger from the Menu Bar.

  2. Click Year End.

  3. Click Update Accounts.
     
     Tip:  Or, use the keyboard shortcut:  [ALT] [g] [y] [u].
     
     Note:  To activate the General Ledger menu in another module, the G/L Application Control must be set up for the module during installation.

   

  Update Master Accounts Window Example:

  

   

• Choosing the selections at the prompt window, click More.

   

  Update Master Accounts Prompt Options Tip:  To see more information about a field, click the hyperlink for the field name.
  Year End Financial Statements Have Been Printed	CAUTION: This routine updates the Account Beginning Balances and zeroes out the Period Balances. You must run your financial statements before running this routine.
  	To specify if you have printed the Management Reports (Financial Statements): To confirm that the statements have been printed, select the box. To indicate that the statements have not yet been printed, de-select the box. Note:  If the box is de-selected, you will see the following message: You must select the box to run the routine.
  	To run the routine and begin printing to the Windows® default printer, click Proceed or press [ENTER]. Keyboard shortcut: [ALT + p]
  	To run the routine and print to the Print View screen, click here.
  	To escape from the routine: Click Cancel. Keyboard shortcut: [ALT + c] Or, click Close .

   

• Report Sample(s), click More.

   

  To see an example of the report, click Update Master Accounts Report Sample.