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I just started using unit accounts in 2010. When we closed the 2010 general ledger the unit accounts came over. Do I have to clear these accounts to zero? I want to keep them for comparative purposes on our variance reports.

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Posted on by Joy Steverson

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jakelaux on at

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Re: I just started using unit accounts in 2010. When we closed the 2010 general ledger the unit accounts came over. Do I have to clear these accounts to zero? I want to keep them for comparative purposes on our variance reports.

Hello,

Unit accounts are treated as Balance Sheet Accounts so what you are seeing is normal. We do have a KB that talks about this:

849536 Unit Accounts and Clearing Beginning Balances

mbs.microsoft.com/.../KBDisplay.aspx

There is also another KB that gives one possible method to clear out the values:

853467 Unit Accounts Have a Balance Brought Forward

mbs.microsoft.com/.../KBDisplay.aspx

Thanks,

Jake Laux
Dan Liebl 7,320 on at

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Re: I just started using unit accounts in 2010. When we closed the 2010 general ledger the unit accounts came over. Do I have to clear these accounts to zero? I want to keep them for comparative purposes on our variance reports.

Unit accounts are treated as Bal Sheet accounts in GP. I do not have it handy, but there is a process to 'close them out' if needed.

Dan Liebl, CMA CPIM

OTT,Inc

dliebl@OTT-inc.com

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