All the steps to closing the current fiscal year was followed except closing the income and expense accounts, while doing that step the attached error keeps coming up and thus the process is haulted.

Has anyone seen this before? A DIC was done and there was a warning :

Warning: Fiscal Year 2011- ending date is more than 1 day from the start date of fiscal year 2012-

Could this be what is preventing the year 2011 to be closed? Any assistance is greatly appreciated.

Ishana

What happens when you fix the warning?

Hi Andrew,
Well here is the situation, after the Ledger was created based on 12 months and postings were done, they decided to cut 2010-2011 to 9 months. Dec 2010 - Aug 2011. However as you know the remaining months are still showing in the fical calander. They created 2011-2012 normal 12 months but started the periods from Sept 2011.

If I choose to close the year of 2010-2011 as at Nov 2011 will it close the income and expense accounts currently in 2011-2012 to retained earnings even though they are apart of a different year? or will I get the same warning because of how they modified the fical calanders?

Maybe its something Softrak will have to assist with because I tried closing the year as of November but its still giving the message and the same warning in DIC. Seems like the conflick is really with the change in the fiscal calander but its how the clients want it to be.

Turns out that this is a Multi Currency database that somehow had the Multi Currency flag in the Company Profile turned off!

When the Close Income/Expense hit a MC Account it caused an "Access Violation".

Once MC is turned on in the GL it can not be turned off in the program. Someone had to bypass the system to turn it off.

Not a good idea.

Somehow the Multcurrency was turned off once turned on all worked fine.

If they want to turn off Multicurrency so that all posings are in USD and no ECD are used this can be done.

Seems to me that is what they have been doing since March 1st 2012, that is operating in USD's