It is important to understand how the balance forward on reports is computed.

The system sums all (income and expense) entries up to the starting date.  So, if the starting date is January 1 2020, all entries before that date are summed.  Now, suppose you run the IC report for 2020 with the starting date of January 1 2020 and the opening balance might be 20,200.00.

Let’s assume you want to void a check for $100 dated 6/24/2018.  But now, if you void the $100 check, the system will sum all valid entries before 1/1/2020 and the balance forward will be 20,100.00.

An issue arises when you compare the closing balance on the 2019 yearly report to the opening balance of the 2020 report.  The ending balance on the 2019 report is 20,200 and the opening balance on the 2020 report is 20,100.

When you submit the IC report to the SBOA, you should make note of the difference.

Updated:  February 4 2021