RE: Year end close 4.05

["Rouse, Steve" <Steve.Rouse@xxxxxxxxxx>]

We are on 6.04 Unix, so I'm not sure if it's the same game.   We set our 
retained earnings event to "Approve Journals before posting". When the transfer 
opening balances is run, one event with 2 journal entries is created but left 
in an unposted status. One journal entry is to close net income in period 999 
of the closing year to retained earnings, the 2nd is to roll the balance sheet 
accounts to period zero of the next year. We go into the event through Events 
processing-approve journals and add additional lines to reallocate the retained 
earnings to the proper accounts in both journal entries. Then we approve and 
post the entry.

Hope this helps.

Steve Rouse 
Lozier Corporation



-----Original Message-----
From: DHolv@xxxxxxx [mailto:DHolv@xxxxxxx]
Sent: Wednesday, January 28, 2004 4:21 PM
To: bpcs-l@xxxxxxxxxxxx
Subject: Year end close 4.05


All:

I have three discrete companies within the same database.  They are 
differentiated through the profit center (2.0, 3.0, and 3.1), but have the same 
company 
number.  If I run the year end close program, BPCS only allows me to post net 
income to one retained earnings account using one profit center/account 
combination.  This will throw my balance sheets out of balance because I use 
them 
at a profit center level.  Is there a way to reallocate retained earnings after 
the year end close program is run?  Ideas are appreciated.

Thanks

Dan Holverson
Bairnco Corporation
dholv@xxxxxxx
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