Topic results Roll Back

CCH Trust Accounts
Year End Rollback
The document outlines the process and implications of the "Year-end Roll Back" feature in the client Nominal Ledger menu. This function allows users to reopen the previous financial year for modifications without requiring complicated prior year adjustments. Key operations include deleting the current year's Opening Balance entry and recalibrating current year balances from comparative data. Users are cautioned that modifications to investment entries post-roll back can impact current year balances. While effective for avoiding adjustments, it may not suit cases requiring regeneration of last year’s accounts due to potential changes. Keeping a PDF copy of accounts for reference is recommended.
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CCH Trust Accounts
Year end roll back
The document explains the process and implications of the "Year End Roll Back" feature, which allows for modifications to prior year data without needing complicated adjustments. Key operations include deleting the current year's Opening Balance, adjusting comparative and precomparative balances, and rolling back year-end dates. It highlights that while this feature is beneficial for avoiding prior year adjustments, it may not regenerate last year's accounts accurately if there have been updates to account pages or Statutory Database information. Recommendations include keeping a PDF copy of accounts for reference.
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CCH Accounts Production
Journal entry: roll-forward, roll-back
The document provides guidance on entering journals in defined accounting periods using a specific software. Key topics include: creating reporting periods and setting up dimensions before journal entry; the default date for posting journals; the process for rolling forward to the next accounting period after posting; and the procedure for entering journals into subsequent or prior periods post-roll-forward. Additionally, it mentions that reversing journals will automatically reverse with the period roll-forward and highlights the inability to roll back after new transactions are posted.
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