Hello, I am sure the answer to this question is posted somewhere previously, but here it is anyway. I have opened the new fiscal year but have not closed any modules as yet. Still entering invoices for the current fiscal year which is 03/31/2013. I need to creat a system cheque run dated now (April) and bring it over to the G/L. My question is...if I do this, then can I still go ahead and enter more March invoices as they come in and then close the A/P module? Because I would still need to have an open payables report summary for the current fiscal year after all of the invoices posted. Thanks

Hi Deb

The simple answer is yes, especially if you are using version 8.1E.

Running Year-end processing resets the batch numbers to 1, clears all posting journals, resets the vendor YTD and LY YTD statistics, and moves paid transactions from the Current screen to the Historical screen. With version 8.1E, it has no effect on the ability to print a backdated accurate Open Payables report.

With versions 8.1D and before, you will not be able to print a backdated Open Payables report from BEFORE the year-end date, but you will be able to print one AS OF the year-end date. This restriction was removed in version 8.1E.

Steve

Hello Steve,
Well that sounds great! Will make my life so much easier. I remembered from years past that always had to wait until all invoices for fiscal year entered before closing off the module. Thank you so much!
Deb