The following describes how to simulate all the accounts defined for a phase, that also have a balance.
- Select the Create year end transactions menu item.
- You access Year end transaction creation. The following fields are applicable:
- Phase
- Select the phase you want to simulate by entering the numbers of the phase (here, enter 1).
- Simulation
- YES is defaulted, meaning that this will be a simulation run.
- Accounting period
- The system defaults the actual period which is the period from where you will take the balance. You can change period.
Click OK to submit the simulation. The system will inform you when the control list is ready.
Note: The system prints a warning on the G/L year end transaction simulation list if you have set up the Year end account table to include an account more than once within the same phase. (This does not apply to contra accounts.) The system prints the warning on the same line as the account that occurs more than once. This list also includes the total number of warnings that occurred in the simulation.
Tip: It is possible to update year end transactions, even if warnings appear on the simulation list. You should therefore run a simulation first to check that the results meet your expectations. (The warnings will not have any impact on the actual update, since you cannot nil an account more than once.)