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Post to a new year without closing the previous year?

Last post 10-24-2008 6:35 PM by sfleming. 3 replies.
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  • 10-09-2008 12:29 PM

    • troyg
    • Top 50 Contributor
    • Joined on 08-29-2008
    • Posts 5

    Post to a new year without closing the previous year?

    Is there a way to post transactons/batches for a new fiscal year without closing the previous year first? 

    An audit takes time and the business does not stop just because of them - I cannot hold off on posting my new fiscal year entries (AR/AP/GL) and I do not want to close off the previous year until the audit is complete.


  • 10-09-2008 12:38 PM In reply to

    Re: Post to a new year without closing the previous year?

    No, you can't.  But, go ahead and create the new year, you can always make adjustments to the prior year.

  • 10-09-2008 12:43 PM In reply to

    • troyg
    • Top 50 Contributor
    • Joined on 08-29-2008
    • Posts 5

    Re: Post to a new year without closing the previous year?

    Not really the answer I wanted to hear, but thanks!

  • 10-24-2008 6:35 PM In reply to

    Re: Post to a new year without closing the previous year?

     Yes, you can.

    All you need to do is create the new fiscal year in the fiscal calendar, this allows you to post transactions in your subledger modules prior to closing your year end off in the GL.

     

    Creating a New fiscal calendar and Closing the Year in the GL are two different processes and can be done separately.

    You can learn more by going to www.sageu.com/accpac and check out the year end lunch and learn.

     

    Sean Fleming
    Director, Learning Services
    Sage Software
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