1. If you have completed the Year end procedures that you are going to do in AP/AR, you can continue posting 2004 transactions in AP/AR/IN. You cannot post transactions for 2004 in Ledger until you have closed 2003.

You can retrieve transactions into Ledger as often as you like. You do not have to retrieve the transactions in separate batches but this will simplify processing.

If a mix of 2003/2004 transactions are posted in AR/AP/IN, it is not a huge problem to correct in Ledger. When you retrieve the transactions into the Ledger, the 2004 entries will have a Fiscal Period of 99. You can not post these batches until the Fiscal Period is corrected. You can use the Copy function to move the 2004 transactions to another batch. Prior to running the Year End in Ledger, you will Archive the 2004 entries and delete the open batch.

2. Before you can complete the Year end function in AR/AP, you have to clear any open batches in AP and AR. You will have to post all 2003 transactions and you should Archive any 2004 transactions that have been entered.

3. Yes, if you post a 2004 dated transaction in Invoices, and you retrieve subledger transactions into Ledger based on the transaction date, the transaction will have a fiscal period of 99. The error period is also easy to correct. The batch has to be archived until Year end in Ledger is complete. When you restore the archived batch, you can change the fiscal period.