In this article we will be going over how to resolve System Out Of Balance issues due to year end. Please provide these steps to your accountant or bookkeeper to perform in esiLaw 360.

If your system out of balance due to Accountant’s year end JE, especially for wip and AR out of balance, you may follow the instructions below to fix the Out Of Balance.

1. For example, wip and AR out due to YE JE

2. Create new GL # to associate with wip and AR
For example,

add new GL 2001 for “ACCOUNTS RECEIVALE – FEES YE ADJ”
add new GL 2011 for “ACCOUNTS RECEIVALE – DISB YE ADJ”
add new GL 2201 for “WORK IN PROGRESS – FEES YE ADJ”
add new GL 2301 for “WORK IN PROGRESS – DISB YE ADJ”

3. Transfer JE from wip and AR GL account to their associated GL account by a JE with same date of YE JE. If YE JE posted with debit balance, then this transfer JE should post with credit balance to wip and AR, then debit balance to associated YE ADJ GL account. Vise verse.