Help Pulldown tells me I can make adjusting entries to last year after I have run AM-B. By adjusting entries does it mean only thru GL-B? ? ?   …or… can I actually post invoices thru  SO-F and SO-G, and print checks thru AP-H.
 
If I can actually post invoices, create checks in last year, etc, do I have to run AM-B again.
 
Thanks,
Laura
 
 
          AM-B  Fiscal Year End Routine
Running this program does not mean you have to "close" your fiscal year.  You can make an unlimited number of adjusting entries to last year at any time during the new fiscal year.  We therefore suggest that you run this program on the first day of your new fiscal year
 

Maybe I am taking the instructions too literally.
           " You can make an unlimited number of adjusting entries to last year at any time during the new fiscal year"
What if  run AM-B but then go back and work in last year by changing AM-A.  If I have AM-A set to last year , am in last year or the the new fiscal year?
 
Also....Help Pulldown says that AM-B is run to recieve postings in the new year. But the YE transactions went into 2008 not 2009.
 
I was thinking that AM-B  purposely did something to my last year (2008) transactions and/or balances.  So I was assuming that my  straggler 2008 transactions  needed AM-B.  I am still not sure why they don't.
 
Does running AM-B effect only my new 2009 year and not my 2008 year.  
Thanks,
Laura

Dawn et al,
Our year ends 3/31/2008.     4-1-2007  thru  3/31/2008  is considered 2008  and  4/1/2008  thru 3/31/2009 is considered 2009.
I am pretty sure I am right on this .  At leasts thats the way we have always done it.  But I dont think that is the problem, so I will just refer to the 2 years as last and new.
 
I only run AM-B once a year and that is at our YE of  3/31.    i have never run it twice a year, so that could not be the problem.
 
I can relate to your " screwy-wierd problem" after posting.  That is very similar to what happened to me last April. and I dont want it to happen again.
But I am thinking it may be related to  my question about what it actually means to be in the fiscal year.  
 
1. DBA knows  you are in the new year after you run AM-A and AM-B.   But what if you wind AM-A back to make adjustments?  Are you in the new fiscal year based on your calendar on the wall or can you go in and out of your fiscal year by changing AM-A....?   does DBA understand that I going  between 2 fiscal years, even after I have run AM-A and AM-B.   I have already run Am-B but right now I have AM-A set to last year, and I am making last year transactions.   I have run AM-B, but because I have AM-A wound back, technically I am in last year. ...so am I violating the instructions which say  at any time during the new fiscal year"    Lynn said: You can process anything you want until you set the Close Date in AM-A.  But what if have set the close date for the new year,  need adjustments so I reset it to last year....Could this cause a problem?  What if set and reset AM-A 3 or 4 times.  
 
2. Why does last years transactions need to be subjected to AM-B, but not adjusting straggler transactions from last year?    
        Lynn said "The closing of entries to Retained Earnings when posted for a prior year happens automatically in GL-O.   Certainly I believe Lynn (she is the greatest) but my pea brain doesnt understand why last years timely transactions needed AM-B but the tardy ones do not.    I know that  techincally it is not doing anything to the transactions, just the GL balances, or retained earnings or something.
 
maybe I am grabbing straws, but Dawn also has weird things happen after making transactions to a previous year.
 
P.S.  This is getting to sound like a BACK TO THE FUTURE sequal. But Michael J Fox has retired..who will play Marty?

Re: tardy Xactions after AM- B YE Xactions  GL-O
 
This happens to me every year end....I think I am done and run AM-B and then post the YE Xactions thru GL-O,  but then I find I have a few more Xactions that should have been in last year.      
 
I have asked before(and cant find the answer in archive) ...why dont I have to run AM-B again?    
Dont my tardy Xactions need to have happen to them what ever AM-B did to my pre AM-B transactions?  
Why dont these tardy Xactions need to have corresponding YE Xactions too?  
 
Thanks  
Laura

Okay Lynn... I must be going crazy....or is this what its like being 50!!!!
Help me.
I ran AM-B, but since have made 2010 adjusting entries.......WITHOUT CHANGING  AM-A !!!!!
 
 
Lynn said:  
3.  If you set AM-A back so you can make entries to last year, when GL-O posts the entries, if any of the accounts are income or expense, then GL-O will also make a YE closing entry netting the Income or Expense account to 0 and posting the other side to Retained Earnings. If you run GL-D for your Year End date, YE journal type, you will se a bunch of entries with the description "YE Close into Ret Earn" which are the ones created by AM-B.  Then you will see the "straggler entries with the description "YE POST CLOSE INTO RE" which means it was processed AFTER AM-B but still made the entry into Retained earnings.  
4.  Think of AM-A as a "door" that can be opened and closed as many times as you want.  When you set AM-A back into last year, you are still "IN" this year because the current fiscal year date is this year but you are positing to "Last Year" and in fact should get a message "This entry will post to a prior fiscal year" that you have to say OK to.  
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AM-A is, as you say, a door.  If the door is set to allow posting to a prior year then GL-O will make the closing entries to Retained Earnings if backdated entries are made to income or expense accounts.  Go to GL-D and print the YE Journal for 12/31/10 and you will see entries to all the Income and Expense accounts and one entry to Retained Earnings with a description "YE close into Ret Earn"  (these were generated by AM-B) and then subsequent entries with a description "YE POST CLOSE INTO RE" which are the automatic entries made by GL-O for backdated entries.