OBI General Ledger Balances for FY20

During the months of July & August some of your accounts might reflect an incorrect balance.  If you had a Beginning Balance loaded into your account for FY19, that FY19 Beginning Balance is currently loaded in your account in FY20.  This is not the FY20 Beginning Fund Balance. This fund balance will not be changed to reflect correct FY20 Beginning Fund Balances until the rollforward of balances from FY19 to FY20 happens after we close June on August 9.  One of the main areas that you will notice this incorrect balance on is within Foundation accounts that had Beginning Fund Balances in FY19.  If you have questions on Foundation accounts please contact Candice Casto, castoc@ohio.edu,  for other accounts please contact Kris Sano, sanok@ohio.edu.