Changing the System Date

This procedure should be done on the first day of the new period, before any processing begins.  This procedure changes the transaction posting dates and prevents transactions from being posted to the new period with a posting date that indicates a prior period.

1.  Run the Set Date Program.

2.  Verify that new date is displayed on menu screens.  If the Old date still appears on an operator screen, have them exit and re-enter the database in order to change them to the new system date.  Once you have verified that the proper date and period are being used by all operators you may begin processing in the new period.   

More:

Reconciling Balance Sheet Account Balances to sub-ledger balances