Hi, Odel,

If you're referring to Adagio Ledger 9, it allows posting to 2 fiscal years.

At the moment, you are able to post to both the prior 2007/08 and current years 2008/09. However, once you open the Next Year 2009/10 (which must be done prior to closing the current year), posting will be allowed to the current 2008/09 and next years 2009/10 only.

You're correct, that you would no longer be able to post to the prior year 2007/08 also.