Page 10 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Activity 1.1 Run the GL Summary (Trial Balance)
Login: Glenda Manager (GL Manager) – glmanager

Activity Steps:
1. Navigate to Reports > Dashboard > General Ledger > GL Summary (Trial
Balance)

2. Run the GL Summary (Trial Balance) report for the Closing Fiscal Period

3. View the GL Summary (Trial Balance) report to answer the following:

Questions Answers
What are the names of the
columns in this report?

What Account Types are
represented on this report?

What are the Grand Totals for
MYCO - My Company?

What does this report verify?

4. Click on either the Debit or Credit value link for account #10.01.01 Operating
Bank Account and confirm the results open up in the GL Details report to
answer the following:

Questions Answers
For the Debit transactions, what
are the abbreviated codes in the
st
1 column under Src (Source)?

For the Credit transactions, what
are the abbreviated codes in the
st
1 column under Src (Source)?

Note: It is helpful to keep this report open on a separate tab to refresh and view activity
and values through the closing process.

LESSON 1: FISCAL PERIOD CLOSE PROCESS Page 10
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