I'd like to recap what I had attempted to do:

I created a JE batch and it asks me to select the appropriate fiscal period. The periods that shows up for me to select from, are all for the current year and it won't allow me to change the year on this screen.

Do I have to go Edit, company profile and change the period that I want to post to from the current year to the prior year, i.e. - from June 1 - 30 2007 to June 1 - 30 2006?

Thank you,

Hi John,

When you wish to post to a prior fiscal year, you do not have to edit the fiscal calendar. Simply select the appropriate fiscal period (even though it is the current year, not last year) in the journal entry batch. Then when you use the Post to Prior Year function, the fiscal period is automatically re-allocated to the same period last year.

This may seem awkward, but there is no 'prior year' batch system to differentiate current year and prior year batches - there is only one batch system to enter all possible batches. It's in the posting that makes the difference.