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I posted up to July in the General Ledger for the year 2008 and had not closed out 2007. I was waiting for some adjustments for 2007. After posting the adjustments for 2007 I closed it out and it closed out the year 2008 also. How can I get back into 2008 to finish posting the rest of the year? Can you post it as a history entry or can you re-open the year?
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Jen,
As other members explained, you can still post to the most recent closed year, provided that a.) Fiscal Period is open b.) Post to history check box is marked in GL setup.
This can help you if you need to post few entries to a closed year, but if you closed the fiscal year few months earlier, this will not be a practical solution. You might need to talk to experienced technical consultant to roll back the year end closing within the database, it includes value alteration and removal of the closing entries and BBF in the new fiscal year.
All the best,
Samy Emira, CISA, MCP, CAAS
Toronto, Canada
Hi Jennifer:
Year end closing in subledgers are not case sensitive, but GL closing is. It is probably an oversight. However, you can re-open the periods for the last closed year, and make the adjusting entries. The system will take care of the closing entries in the old year, and the opening balances in the new year.
If you looked the edit list, you'll see both sets of entries - one set for the old, and the other for the opening entries in the new year.
Good Luck!
Deesom.
Yes, when I closed 2007 it also closed 2008 and I wasn't finished posting to 2008. I am not sure why it did that, but I will try this to see if it will work. I have been upset over this and I really appreciate your suggestion.
Thanks
Jennifer, are you saying that you have unposted transactions/batches for 2008 and that 2008 is closed? If so, I think you can still post those transactions by opening the fiscal periods (Tools>Setup>Company>Fiscal Periods). When you post transactions to the most recent closed year, GP automatically creates entries to clear the resulting balances in the P&L accounts to Retained Earnings and updates balance sheet accounts as necessary.
Hope this helps,
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