Business Rules
For establishing beginning balances:
• From a pre-established list of balance types, actual and close nominal balances are eligible for beginning balances. The balance types are defined in the parameter BALANCE_TYPES_TO_ROLL_FORWARD_FOR_BALANCE_SHEET.
• Object types representing assets, liabilities, and fund balance defined in the Systems Options table are eligible for beginning balances.
• The annual balance amount plus the Contracts and Grants balance amount plus the beginning balance amount that is not zero are eligible. (Annual Balance + CG Balance Amount + Beginning Balance <> 0)
• If the unit of work qualifies for establishing beginning balances, a beginning balance entry is created as a GL pending entry.
For establishing cumulative balances:
• From a pre-established list of balance types, actual and current budget balances are eligible for cumulative beginning balances. The balance types are defined in the parameter BALANCE_TYPES_TO_ROLL_FORWARD_FOR_INCOME_EXPENSE?
• From a pre-established list of object types, those representing expense and revenue are eligible for cumulative beginning balances.
• From a pre-established list of fund groups or sub-fund groups, balances related to CG accounts are eligible to be carried forward into the new fiscal year.
Institutions have the option to set CG as a fund
group or sub-fund group using the FUND_GROUP_DENOTES_CG_IND parameter.
• The annual balance amount plus the Contracts and Grants balance amount that is not zero are eligible.
• If the unit of work qualifies for establishing cumulative balances, a cumulative beginning balance entry is created as the GL pending entry.
Batch Assurance
Reports