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Note, if a future period has transactions posted in it e.g. an eGiving transaction, a Reconcile and Reset cannot be done. You will be alerted if there are transactions when you go to the Reconcile and Reset screen.
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- Make sure the Current Period is closed.
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- Go to the Admin menu, then click Reconcile and Reset.
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- Select the Effective Date that you wish to reset the entity to. This should be dated after the last period that was closed.
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- Click Reset, then click OK to confirm.
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- Check the Trial Balance report to ensure that everything has been reset to zero as expected. The balances are reset to zero in the current period even if the reset was done in a prior period's date.
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- Check the Bank Reconciliations to ensure they have been cleared to zero as expected. Verify any that require it.
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- The opening balances can now be entered via a Journal Entry, and transactions entered as per usual.