Prerequisites

Before you complete the tasks in this section:

• Validate the net income amount on your income statement.

  This amount is the year-to-date income (loss) on the balance sheet.

• Verify that AAI items GLG2, GLG3, and GLG5 are set up.

• Verify that your financial reporting period is set correctly.

  See Changing Financial Reporting Periods.

• For reports that cross over to a new year, verify that the Annual Close Report (R098201) ran successfully.

  Balance forward amounts are not created until the close process is complete.

  See Closing the Fiscal Year.