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GP 2010 - Payables

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Posted on by Larestin

I need to post a transaction to payables for 2013 but have already closed year end for that module. What will happen if I do this? Will I have to run year end close again?

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Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at

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RE: GP 2010 - Payables

You can post the transaction, GP will automatically create transactions to clear P&L to retained earnings and bring the adjusted balance sheets balances forward. You can't close a year more than once in GP.

Just make sure you open the payables and financial series for the period involved and that your GL Setup allows for posting to History. (Financial>>Setup>>General Ledger>>Allow Posting to History).