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Our year end for 2016 is closed. I have two cheques dated Dec 31, 2016 that need to be voided. What is the proper procedure to do this in Microsoft Dynamics GP 2010?
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Hi Amber,
Because you can enter transactions to the year most recently closed, you should have no problem voiding this check as you normally would and post it to the 2016 ledger. The affect of this Void will generate two entries. One entry will book to the 2016 financials and the other entry will carry the balance forward to the beginning balance in 2017. In your General Ledger setup window, you need to have the box checked that allows posting to history.
Kind regards,
Leslie
I know this is likely late to the answer, however, I just encountered a situation where following this rule that one year back is ok - failed.
The reason it failed work was that the controller had also closed ( locked ) the first fiscal period of the new year, which is where the second entry will be booked - so while the error message says 'closed' period - it may not be referring solely to the 'Historical Year' periods.
Maybe of some help to someone.
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