The Recalculate Balances utility runs through all transactions stored on file for each account and recalculates all Balances Brought Forward
While running this utility isn't necessary for your General Ledger to function at its full potential, a Win Accounting Consultant may request that you run this feature on the off chance that balances go out of synch or when changes have been made to your General Ledger Periods table
If accounting periods are modified, this utility will reconsider the new dates added and shift all relevant transaction details into the correct baskets - allowing for accurate and up-to-date balances, reports and analysis
Another instance where the Recalculate Balances utility will need to be run is when you have been instructed to do so by the Cross Check Report - View the General Ledger Reports Guide for more information regarding the Cross Check Report, and other financial reports
Using the Recalculate Balances Utility:
Recalculating Your Debtor Balances
Recalculate the Balance(s) Brought Forward for all - or a selection - of accounts
Filter by Account Code
If no filter criteria are entered, this utility feature will scan your entire General Ledger, recalculating all account balances brought forward
