Prior Year Trial Balance does not show a 'YTD' balance for FUND Nominal Codes in Sage for Education

Prior Year Trial balance does not show YTD figures

As part of the Year End process, Nominal Codes associated with a Fund have a Journal posted by the system to clear the balance. The program posts the balancing entry to the Accumulated Fund Profit Nominal Code. For more information on this please refer to the Help Files here.

To accommodate this we have produced the Closing Balances report which can be used instead of the Prior Year Trial balance, this report filters out transactions with a reference of YEAR END.

For guidance on how to upload this report into Sage 200 please refer to the following help file page here.

NOTE: We recommend when posting Year End adjustments that you do not use YEAR END as a reference as these will not be picked up on the custom report.

We have also produced the Excluded Transactions report to assist you with identifying any transactions which may have been posted with the reference of Year End.

The report will pick up transactions with a reference of Year End, this could be any combination of capitalization for example: Year End, YEAR END, year end.

Use this report to note the values of those transactions you have entered manually, then add these to the values from the Closing balances report.