Transfer balance from 2020 to 2021

Our finance team is doing year end closing, and noticed fiscal calendar maintenance didn’t have the year 2021. They figured out how to add the year and 12 months with dates to be consistent with previous years(they’ve never done this before so may have missed a step). Unfortunately they are reporting the opening balance for 2021 is $0, meaning the balance didn’t transfer from 2020.

If anyone can point us in the right direction it would be greatly appreciated.

Did anybody run the “Transfer Opening Balances to Next Year” process?

It’s in the Financial Management / General Ledger / General Operations menu.

Thanks Doug. We didn’t do this, which explains why the Open balances didn’t transfer :slight_smile:

We thought this was scheduled, but it doesn’t appear to the be the case. Thanks!!!