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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Correcting posting type
Microsoft Dynamics GP (Archived)

Correcting posting type

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Posted on by Nime 130

I have set up an account with a wrong posting type  'Balance Sheet' instead of  'Prifit & Loss Account' and closed the year.  So the balance is brought forward to the current year.  Is there a way it can be corrected?

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  • Community Member Profile Picture
    Community Member on at
    Re: Correcting posting type

    Hi, the following KB artcile (864913) describes what to do.

    https://mbs.microsoft.com/knowledgebase/KBDisplay.aspx?WTNTZSMNWUKNTMMYVTQUUXNNZOUKYPPPWKTPXLZSRULRZTURSZTSWYZRPNMPWWPW

    Best regards, Ian.

  • Nime Profile Picture
    Nime 130 on at
    Re: Re: Re: Correcting posting type

    FYI. Clearing entry  does not allow to post trx in a historical year.  I  just passed a  General entry.

  • Nime Profile Picture
    Nime 130 on at
    Re: Re: Correcting posting type

    Thanks so much.  Yes. I recently closed  the  year. However several  trx processed since them. I  will use your other suggestion.  Thanks again.

  • K Day Profile Picture
    K Day 7,365 on at
    Re: Correcting posting type

    Did you just close your year?  Did you make a database backup prior to closing the year?  If so, I would restore the backup and do it again.

    If that is not an option, you can always just make a journal entry to manually back that balance out and put it into retained earnings.  I might use the clearing entry and date it as of the last day of your fiscal year.  You can post back one year into a historical year and it will automatically adjust the Retained Earnings Beginning balance. 

     

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