Skip to content

Knowledge Base

← Back to Knowledge Base Home

FAQ: I just completed all the Nebraska ESSA changes; how do I verify and update my entries that were previously posted this fiscal year?

If the Nebraska ESSA changes were completed after entries were already posted for this fiscal year, generate reports in General Ledger to verify the posted entries are reported to the correct account numbers, and then if needed make the necessary adjustments.

There are a number of reports in General Ledger that could be printed to verify the entries that have already been posted.  Examples of reports that could be printed include:  Trial Balance Report, an expenditure report created with the Flexible Financial Report Setup option, Revenue Summary Report, and/or Account Inquiry.  When generating the report(s), specify to include the applicable months in the current fiscal year that were prior to when the ESSA changes were completed.

After verifying the reports, if needed, make the appropriate adjustments by entering and posting manual journal entries.  The Reallocate COA Balances option can also be utilized from within a batch of manual journal entries to move full or partial balances for expense accounts from one reference piece to another based on designated percentages.  For example, if all the entries posted prior to completing the ESSA changes are included in the account numbers with one building (i.e. high school building), but should be split with the other buildings (i.e. elementary and middle school buildings), use the Reallocate COA Balances option to reallocate the balances based on the Building reference piece, and then specify the negative percentage to move out of the one building (i.e. high school building) and the positive percentages to move to the other buildings (i.e. elementary and middle school buildings).  After specifying the percentages to reallocate, click the Display button to review the reallocations.  Then select the entries to post into the batch of manual journal entries and click the Execute button.

For step-by-step instructions on using the Reallocate COA Balances option, refer to the Reallocating COA Balances topic in the Help File.