Hi Andrew

Your correction is correct if the adjusting entries are to be posted to an adjustment period (i.e. period "13"). But if they are going to be posted to period 12, there is a reason to hold off closing the year until step 2. And that is if there is a chance that a prior year batch might have to be unposted.

On the other hand, it does get annoying to go to Next Year to enter journal entries.

Steve