Good day,
i've closed my YE and moved onto the new year, however, I have to do adjustments in the prior year (DEC02).
I know I have to use the "Post to prior period" command, but when i'm entering my GL entry do I use period 12 and date it 12/31/02. (Period 12 to adagio means Dec 31, 2003.) Is there anything else I need to be concern about? Thank you.