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When I make a correction to a transaction in a prior year, why dont the current years beginning balances get changed automatically?

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When I make a correction to a transaction in a prior year, why dont the current years beginning balances get changed automatically?

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q010.style.display = ‘none’; The program keeps each year separate so that you can change the chart of accounts each year as needed. While most General Operating accounts wont change from year to year, funds will probably be added and removed from time to time. If you change something in a prior year that affects a fund which doesnt exist in the current year, the program would have no way of knowing which fund to change in the current year. Any time you make a change to the prior year you should print new end-of-year activity reports and adjust this years beginning balances accordingly. If you had already distributed reports created before the change, make sure everyone gets updated copies.

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