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Evo-ERP and DBA Classic >> Accounting >> AM-A & year end closings
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Message started by Karen Mason on 02/27/04 at 15:03:49

Title: AM-A & year end closings
Post by Karen Mason on 02/27/04 at 15:03:49

Just wanted to find out how some of you handle changing the GL date in AM-A before year end transactions are finalized.

I left the GL date at 12/31/03, awaiting final transactions from accountant. However, data entry sometimes enters items into a previous period that is already balanced (such as Jan. '04).

Do you change your date then change it back when entering the final changes to year end?

Thanks for any insight

Title: Re: AM-A & year end closings
Post by Lynn Pantic on 02/27/04 at 21:33:55

Keep the close date up to date (i.e. 2/1/04 now that we are in Feb 04) to prevent other users from backdating entries. When you need to backdate an adjustment (as is inevitable), use AM-A and change the date back, process the backdated entry and then use Am-A again to reset the close date, Think of it as opening and closing a door.