Hello, Can this function be run more than once? I created my new fiscal year which is Mar 2012 and ran the close exp/inc function. I did not close current fiscal year. I then posted the adjusting entries from the accountant to my open fiscal year which is Mar 2011. Now I have balances in some GL accounts that should be zero. I realize that I should have closed the year and then posted adj entries to the prior year. However, how do I handle it now? Thanks and hopefully I explained my situation clearly.
Deb

Make a backup. Unpost the batch from the current year. Move it to Next Year. Close the Current Year. Post the batch you moved to the prior year, probably selecting the "Year end adjustment" period on the Prior year posting dialog.