Hi CRR,

Indeed that is the purpose of the Next Fiscal Year, to allow starting to work within the first period on your next fiscal year while you are finishing work on the Current Fiscal Year. You can create batches for April and post them, before March is completed and the year is closed, and print reports and financial statements for April.

If all you are waiting for is your accountant's adjusting entries, you may choose to close your year ending 3/31. When you receive these entries, they can be posted using the 'Post to Prior Year' function. Two benefits of this are that 1) you dont have to keep two years open when you dont have to, and 2) these entries can optionally be posted to a special 'Year End Adjustment Period 14', keeping them separate from your other periods and be able to report both before and after these entries.

There is a checklist available in the Tech Tips area of the Softrak website on the available steps for doinga Year End in Adagio Ledger 9.0.