Hi
I've recently started working at the Young Vic as their Database Manager and have discovered that they haven't posted any batches since 2012.
Can anyone offer advice as to the best way of dealing with this? What will be the impact if I bulk posted all batches at the same time; as in over a period of a couple of day in lots? Should I backdated them to the actual date they were closed?
Any advice would be much appreciated.
Very many thanks
Lee-Anne
The only major red flag this raises in my mind is that the batch posting process (for me, at least), is where any mistakes in GL # assignment are caught. Posting a batch is what finally locks a transaction to an account number, and if GL #s (for a payment method or contribution fund, for example) have changed over the past three years, then only posts after that point will be occurring to the correct GL #s.
So depending on how accounting is set up, you may want to audit all of your GL assignments before you actually do the posting so you can make necessary changes and get it right the first time (without having to run UP_UNPOST a bunch of times to make corrections).