FrontAccounting forum — Re opening closed years

Re: Re opening closed years

null@example.com (joe) — Mon, 15 Jul 2013 11:58:45 +0000

Yes, of course.

Joe

Re: Re opening closed years

null@example.com (frontmeister) — Mon, 15 Jul 2013 10:56:11 +0000

Thanks for quick reply.
That sounds good.
And will all the adjusted balances roll forward into the following year as I close the previous year?

Re: Re opening closed years

null@example.com (joe) — Mon, 15 Jul 2013 09:33:54 +0000

Yes you can. Check that you have permission to do that in access setup.

/Joe

Re opening closed years

null@example.com (frontmeister) — Mon, 15 Jul 2013 09:10:16 +0000

Hi
We have a general ledger linked to accounts receivable and payable.
We set up our opening balances in 2011 and have accounts for 2012 and 2013.
2011 and 2012 are closed.

I have spotted an error in our opening balances in 2011. Something was posted in 2012 which should have been in 2011. Can I reopen the previous years (2011 & 2012) make the adjustments and then close them again.
Can you think of any problems this may cause or anything i need to look out for?

This will really help if I can do this.

Kind Regards