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An expense account did not close during the year-end close procedure because it was incorrectly marked as a Balance Sheet account instead of a Profit and Loss Account. The expense account is showing a beginning balance at 1/1/2016 and the retained earnings account is not correct. Is there a way to correct? Thanks.
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Hi DoloresG,
The KB article below goes through the different ways that you can go through to resolve this issue.
864913 Changing the posting type on an account after you close the year in General Ledger for Microsoft Dynamics GP
support.microsoft.com/.../en-US
Please let me know if you have any additional questions on this issue.
~Thomas Newcomb
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Microsoft Dynamics GP Support
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This posting is provided "AS IS" with no warranties, and confers no rights
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