When you first install General Ledger, you can enter balance forward amounts (beginning balances) for General Ledger accounts. You can choose to do this at the time you set up your accounts (see Entering Balance Forwards When You Create An Account), or you can choose to use journal entries to enter your beginning balances (see Creating a Journal Entry).

Either way, before you can post to General Ledger from any module, you must check the Balance forward entries completed check box. Once you select this check box and save the GL Module Preferences window, the check box is disabled for this organization/company.

If you choose to use journal entries to enter the beginning balances instead of entering forwarding balances, first double-check your fiscal calendar to ensure you still have access to the previous year so you can post the journal entries. Then, select the Balance forward entries completed check box so you can post transactions.