User Support Forum

I am in the process of fixing some mistakes that were made in 2003 with our accounting. I also need to begin paying bills and entering contributions for 2004. Is it possible to close December, 2003, but leave the 2003 year open, while working in January, 2004?

(I'm wanting to be able to fix my errors in 2003, but also move ahead with paying 2004's bills, payroll, etc.)

I am in the office very part-time, so it takes me longer to get everything done.

Thanks for your help!

When you close December, you are then in month 13, you can pay checks and bills, just make sure you use 0401 as your accounting month. Those transactions will stay unposted in Fund Accounting until you get to 0401, and you can still post to December by posting to a prior month.

OK, I think I get it... close December, move on to January and I can still go back to 2003 ... then, when all of those fixes are made, I will be able to close 2003 ... and January, 2004 will become month 1 ?

(sorry if that was confusing)

Once you close the year you can not post transactions to the prior year. In Fund Accounting you can only post to the current and one month prior. So you can get transactions ready to post in Janurary but can not post until you get to that month.