- Knowledge Base Categories:
- School Accounting System
- General Ledger
Training Tidbit: Is there a way to reallocate or move the balances for expenditure accounts at the end of the fiscal year?
Yes, utilize the Reallocate COA Balances option at the end of the fiscal year to move the full or partial balances for expenditure accounts from one particular reference piece to others based on specified percentages. For example, South Dakota school districts could utilize the Reallocate COA Balances at the end of the fiscal year to move balances out of Function 2730 to Functions 2731, 2732, 2733, 2734, 2735, etc., based on the specified percentages for the students in each of those areas; and as another example, Iowa school districts could move balances out of Program 210 to 211, 212, 213, 214, etc.
The Reallocate COA Balances option is accessed from within a batch of manual journal entries, and will create entries that post into the batch for verification, printing, and posting. For step-by-step instructions on completing the Reallocate COA Balances option, refer to the Reallocating COA Balances topic in the Help File.