Posting Balance Sheet Accounts

The process to post balance sheet accounts is similar, except that each amount field represents the account balance at the end of the accounting period, not the net amount of each period's transactions.  The quarter-to-date and year-to-date amounts for the current and previous fiscal years are calculated as follows:  the account balance at the start of the quarter, or period 1, is subtracted from the current fiscal period balance.  Therefore, these fields on Balance Sheet accounts contain the actual change in the account balance over the specified period.  The year-end field contains the account balance as of the last fiscal period posted in the previous fiscal year.

Account/Center Master File Posting for Income Statement Accounts