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Balancing SIMS to FINEST?

April 26, 2017Finest Sims

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Balancing SIMS to FINEST?

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The trial balance checker utility enables schools to input the monthly balances report and compare it to the position in FMS. The result is shown in a spreadsheet Follow the normal monthly routine to investigate why a variation exists between FMS6 and FINEST using Reports | General Ledger | Trial Balance | Summary Trial Balance | By ledger code, select the month and fund, then print the report. Use this report to check that the balance brought forward (opening balance) and entries for the current month are both correct for each ledger code. Use General ledger | Chart of Accounts Review to evaluate any discrepancies. You will be able to identify what is wrong by checking that the individual transactions recorded for the month in FMS6 are the same as those appearing on the FINEST report and then take corrective action.