MXP 7.4 and gl-history

Chris Kelleher

Administrator
Staff member
Hey ya'll,

We are running MXP 7.4 and I just had to correct an opening balance problem
with retained earnings for the year 2000. The problem was related to some
automatic reversal entries that were done in the previouse year. The
problem showed when running Trial Balances. The one for 1999 period 13
showed an opening and closing balance of zero but the one for 2000 showed an
opening balance that was out by the 15000 that the reversal entries added up
to. Has any one else run into this?

Also, now that gl-history is kept with separate records for each year, is
there a function to clean out the old records at some point?

Patti Wilson
C-MAC of America, Inc.
Phone: 561.881.2358
Email : pwilson@wpb.cmac.com
 

Chris Kelleher

Administrator
Staff member
Hey to Patti,

Yes, we have had similar problems with retained earnings at closing time nearly
every year. It seems I end up modifying the gl-history records directly as the
only good solution. The problem seems to stem from the system estimating
retained earnings when financial statements are printed that project into the
next year.

We don't foresee the need to purge gl-history records, at least not for many
years to come. It's nice being able to print 5 year financial statements, and to
go back in time. In terms of space, I don't think they are a big concern when
compared to other less important tables.
 

Chris Kelleher

Administrator
Staff member
Thanks everyone for the input into this field. I have the Accounting group
reviewing their gl accounts to determine which ones they want to turn on.

Patti Wilson
 
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