Hi,

I wonder how after posting to a prior year and going back to that prior year financial reports I can show everything prior to the adjusting entries. I see a button called exclude year end adjustments but it doesn't work.
Could you please guide me thru. Maybe you could tell me why is not working when I click on it.

Thank you

Ana

Hello Ana,

The year end adjustment period is a special period available only when posting prior year transactions. It only adjusts the account balances for a period, not their "net posted" amounts.

Currently, you will not notice a change in your Income Statements (although we are considering making a change to this behaviour).

To see the change on the balances, open your Income Statement and change all occurrances of .Y to .BAL in the column. Then you'll see the difference if the button is pushed. Don't forget to save the statement with a different name.

Do I need to set up a different period. For example can I use period 1. Then post to prior year and I am ok. Is there a Process?

I posted to the prior year as explained above. Period 1. post to prior year.

I have a Fund report where the first column reflects adgetdata.BA:_M","380:500-150" 150 is the fund i want to get the data for. The second column show current month income. The third row shows Fund balance at the end of the month.

What should I do in this case.
Thank you

Hello Ana,

If you "post to the prior year" and select period 1, then the transactions will be posted to period 1 in the prior year (and will affect its net change figure and balance on a financial statement). You can see the prior year posting transactions by printing a general ledger detail listing and selecting the option to show those transactions (normally they are not shown separately).

Andrew,

I did it! Thank you. The key is to select to post to the YE period when you make an entry to prior year and post it to the prior year. After that I went into the 2007 financial reporter and selected to leave out YE adjustments and my financial statements were the same as before I closed. I love it! You mentioned that this was to be changed but it works quite nice.

I have to say that I like this upgrade a lot. This makes things very smooth.

Thank you,
Ana

Hello Ana,

You're working late! Will we "see" you at tomorrow's webinar on General Ledger V9.0A?

Andrew,

I tried to register this morning. I didn't get the confirmation. If it doesn't work I'll try another time.

Thank you

Hi Ana,

You should have the confirmation by now.