Making a reversing entry for beginning balances

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017. CSA will not include 2017 tax rates or payroll forms, so, for 2017 and beyond, you will need to process payroll in another application. We recommend Accounting CS Payroll and myPay Solutions. For more information, see the following topics.

You may use this procedure to record transactions when you have ending account balances only.

  1. From the CSA main window, choose Tasks > Transaction Entry.
  2. In the Transactions window, click the Journal Entries tab and enter the reference, date, description, accounts, and ending balance amounts for the transaction. Click the Enter button to save the transaction.
  3. Choose Edit > Options.
  4. In the Posting Options group box of the Transactions Options dialog, mark the Make reversing entry for beginning balance checkbox. This reverses the beginning balances automatically, so that each account shows the correct ending balance. You do not need to calculate the net change manually for each account.
  5. Click OK to save the changes you have made and return to the Transactions window. The selected options affect all transactions entered for this client and stay in effect until you return to the Transaction Options dialog and change them.
  6. Choose Post Transactions from the Edit menu or from the F3 or right-click context menu (or simply press the F5 key).

See also

Entering GL account information

Adjusting Entry Procedures in Write-Up CS (PDF)

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