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The Auto-Adjust Beginning Balances utility automatically adjusts the beginning balances for equity summary accounts whose Equity Summary Account Management (ESAM) rule had changed from the previous year to the current year. This is done by transferring the amount from the old to the new equity summary account based on activities posted to the operating GL account.
The utility handles only the beginning balance transfers for simple ESAM rule changes, that is, those changes that have one-to-one correspondence. ESAM rule changes that involve distribution to multiple new accounts or consolidation from multiple accounts to a single equity summary account are not handled. The Beginning Balance Utilities may be used in these scenarios instead.
The utility produces an Edit List report that presents the changes that will be made. This allows your to review your changes, with the opportunity to either abort or accept them.
Page Updated 6/07