Reconstruct period balances from accumulated transaction history and current transactions. The utility can also correct history period codes and, when selected, prior-year accumulators.
Using this option
- Back up the company and retain trial balances and financial statements before using this recovery option.
- Enter each accounting period's Start Date in fiscal-period order. These dates determine how transactions are assigned to periods.
- Select Correct Prior Year only when prior-year accumulators also need reconstruction. Review the Last Retained Earnings Account for the company or for each fund.
- Continue only after checking the period dates and retained-earnings accounts. Review the rebuilt period balances and reprint the affected statements.
Notes
This is a company-wide repair. In addition to period balances, the program can rewrite history period codes and update Current Balance and Beginning Balance according to the current accounting period.
Debug Account and Debug Period are diagnostic controls, not a promise to limit the repair to a single account. Leave them for ACS-directed troubleshooting.
The reconstruction depends on the transactions still present in the files. Missing or duplicated history must be resolved before the rebuilt figures can be relied on.