New Company G/L Setup

The company I am supporting created a new company in FY 2014 after declaring bankruptcy and closing the old company number.

The new company actually stated in Period 03 of FY 2014. It appears the person that set up the new company put the equivalent of Beginning Balance Amounts in the DB or CR fields for Period 03. From there, JE's posted to the accounts through the remainder of the year.

At the end of the FY 2014 some issues came up with balances and the rollover to 2015.

I think if I rerun the various Balancing programs: GL325, GL327, GL330, GL320 that things will get very out of balance because there are really no JE's to support the 'Period 03 Beginning Balances'.

Questions:
- Should the creator have put the 'Beginning Balances' in the true Beginning Balance fields even though the first Period of activity was Period 3?
- If so, do I need to do that, adjust the Period amounts in GLAMOUNTS, and then run the jobs?

Thanks.