Hi Jean

To answer your first question, no. But what's the downside of closing a year even though you have more year-end adjustments? Here is my list (it may not be complete):

1) It's more of a pain to retrieve subledger activity into a closed year
2) You can't unpost a batch from a closed year
3) You can't do a reallocation in a closed year
4) You can't update budget figures using the Financial Reporter flash icon in a closed year

I don't think these should prevent you from closing the year in order to get the benefit of the adjustment period (and there are other benefits as well).

I'll let someone else handle the second question about the Y/E adjustment button.

Steve