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CLOSE A YEAR TWICE?

Sage Accpac Community » Sage Accpac ERP » Financials Suite » CLOSE A YEAR TWICE?
Last post Mon, Mar 16 2009 2:17 PM by PENNYTUC. 3 replies.
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  • Mon, Mar 16 2009 1:57 PM

    • PENNYTUC
    • Top 100 Contributor
    • Joined on Mon, Mar 16 2009
    • Posts 6

    CLOSE A YEAR TWICE?

    Reply Contact

     After receiving adjustments for year end I posted those to the ADJ fiscal period for 2008.  Can I close 2008 again to create closing entries or do I manually create those in GL.  What is the best way to do this?  We are running ACCPAC ERP 5.4A. 

  • Mon, Mar 16 2009 2:01 PM In reply to

    Re: CLOSE A YEAR TWICE?

    Reply Contact

    When you post to a prior (closed) year, the additional closing entries are created automatically.

    Read Jay's blog: Dispatches from the Trenches

  • Mon, Mar 16 2009 2:14 PM In reply to

    • PENNYTUC
    • Top 100 Contributor
    • Joined on Mon, Mar 16 2009
    • Posts 6

    Re: CLOSE A YEAR TWICE?

    Reply Contact

     That is what I thought but when I run a trial balance for 2008 CLS, I get expense and income accounts with balances from my adjusting entries.

  • Mon, Mar 16 2009 2:17 PM In reply to

    • PENNYTUC
    • Top 100 Contributor
    • Joined on Mon, Mar 16 2009
    • Posts 6

    Re: CLOSE A YEAR TWICE?

    Reply Contact

     Got it...thanks...had some misinformation on this end...
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