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Question

Adjusting 1/1 Opening Balances for Fund Accounts

  • December 12, 2025
  • 1 reply
  • 12 views

We have a Foundation that uses Fund Accounting. At the end of each year when we roll forward our balances to 1/1 we roll the contributions, interest and expenses into a fund account. We don’t show it as a JE just adjust the opening balances as of 1/1. See below for an example. Is there a way to do this in Acumatica?

 

 

1 reply

Laura03
Captain II
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  • Captain II
  • December 15, 2025

Hello, ​@EDrewJHR ,

I think your need can be met by using the Prior Year Cumulative Fund Balance account shown above in Retained Earnings Account field of GL Preferences screen: