If this is not your first year using Epicor's General Ledger application, skip this topic.
If this is your first year using Epicor's General Ledger application, you can enter comparative balances from the prior fiscal year. Comparative balances can then be printed on your Balance Sheet and your Profit and Loss Statement to help you see your progress compared to last year.
After your first General Ledger year-end close, the system automatically begins tracking comparatives from the fiscal year just closed.
From the Chart of Accounts window, display the first account for which you want to set up comparatives.
For more information about displaying an account, click here.
Click GoTo, then click Comparative Data.
In the Beginning Balance as of 99/99/99 box, enter the balance of the account as of the beginning of the prior fiscal year.
In the Ending Balance Last Year boxes, enter the ending balance from each period of the prior fiscal year.
Click Change.