Costpoint Online Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Contents of the Manage Project Beginning Balances Screen

Use the fields and options to configure the Manage Project Beginning Balances screen.

Fiscal Year/Project

Field Description
Fiscal Year

Enter, or click to select, the fiscal year for which you want to enter beginning balances. You can use Query to select the correct fiscal year or to select and view balances entered previously.

Note: Only enter beginning balances for one fiscal year on this screen. Those balances should be the beginning balances as of the start of the current fiscal year. If you enter more than one year's balances, Costpoint reports will contain incorrect information. If you want to initialize balances on a year-by-year basis for later trend reporting, enter the information by fiscal year on the Manage Prior Year Project Comparative Balances screen.
Project

Enter, or click to select, the project for which you want to enter beginning balances.

Running Balances

Field Description
Amount, Hours

In each session, Costpoint maintains a running balance of all account balances you enter in the session. It is recommended that you calculate the net amount and hours for the balances you plan to enter during the session. When you finish, check those totals against Costpoint's running balances to make sure that no data entry errors occurred. (When you close the screen, Costpoint discards the running balances).

Table Window

To begin adding balances, click .

Field Description
Account

Enter, or click to select, the number of the account for which you want to enter beginning balances. Only asset, liability, and stockholder's equity accounts are valid entries.

Organization

Enter, or click to select, the organization for which you want to enter beginning balances.

Beginning Amount

Enter the beginning balance, in your company's functional currency, for the selected account and organization. Regardless of the type of account, enter the balance as a positive amount if it is a debit balance. If it is a credit balance, enter a negative amount by preceding the amount with a minus sign (hyphen).

Beginning Hours

Enter the beginning balance in hours (if applicable) for the selected account.

Account Name

This non-editable field displays the name of the account.

Subtask

Subtask Description
Transactional Currency Beginning Balances Click this link  to open the Transactional Currency Beginning Balances subtask.