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?
1 07/15/2013 10:56:11 am
Re: Re opening closed years (3 replies, posted in Banking and General Ledger)
2 07/15/2013 09:10:16 am
Topic: Re opening closed years (3 replies, posted in Banking and General Ledger)
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