Adding Gm1 Balances - Activant Dimensions Getting Started

Adding GM1 Balances

There are 3 methods of entering balances into the G/L depending on what time of
the fiscal year you are getting the G/L started and how much information you
wish to be available on the Dimensions system. See the procedures which follow
for detailed directions on each method.
Method 1 - End of Fiscal Year
The beginning balances for balance sheet accounts are entered using Change
Selected GM1 Balances. Income and expense accounts begin the fiscal year with
zero balances so no entries are needed.
Method 2 - Middle of Fiscal Year Using YTD Balance
The year-to-date balances from the old accounting system for all accounts (balance
sheet and income statement) are entered into either
accounting month using Change Selected GM1 Balances. This method would
probably be used when starting the Dimensions G/L system in the latter half or
two-thirds of the fiscal year.
Method 3 - Middle of Fiscal Year Using MTD Net Change
The beginning balances along with the month-to-date net change for all accounts
from the old accounting system are entered using Change Selected GM1 Balances.
This method would probably be used in the first third to half of the fiscal year
because it provides data for financial statements to be printed from the
Dimensions system.
1 On your old accounting system, make sure you have an accurate Trial Balance
with beginning fiscal year balances.
2 On the Dimensions system, sign on with a manager password and go to the
GENERAL LEDGER MENU
3 Select 8 for
4 Select 2 for
Dimensions 14
Change Selected GM1 Balances (all methods)
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G/L Special Maintenance
Change Selected GM1 Balances
Chapter 7. General Ledger
BEG BALANCE
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or the current
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