Recalculate Journal Balances

Use this utility to recalculate balances for the selected Distribution journal and distinct control number within a date range. This utility compares total debits and total credits within the selected date range. If the range is out of balance, it will balance it by creating an offsetting journal entry for each distinct control number. The journal reference for this transaction is XBAL.

Note: This utility does not create offsetting transactions for either the General journal or for any user-created journal.

This utility does not consider reporting units when determining journal balances. Until posted to the ledger, reporting units are reference only.

If this utility creates a journal entry with an XBAL reference and no account information, the following message displays for the transaction: "The Journal Transaction utility must be run to update missing data such as the account number or transaction date." Use the Journal Transaction Utility to update the account information. Upon doing so, you will be able to successfully post the journal.