
Versions
AM 12 for SQL and Express
AM11 for SQL and Express
AM10 for SQL, Express and LAN
AM9 for SQL, Express and LAN
AM8 for LAN
Module
GL
Question
Can I post prior year transactions after Fiscal Year-End Closing?
Answer
Yes; you can create a prior year-end adjustment entry using the Journal Entry Transactions function by selecting the Prior Year-End Adjustment journal entry type. Specify the appropriate Retained Earnings GL Account ID. If the Prior Year-End Adjustment option is disabled, then verify in the Posting Period Restrictions function that the prior year’s year-end adjustment period is not restricted for posting. Save the journal entry batch; then, post it using the Post JE Batch to GL function.