Acumin Documentation

Year End Process - Posting a journal entry adjustment in prior year

QUESTION:  

I don’t post my year end journal entries from the prior year until I am ready to close my current year.

Once I have posted my Dec 31st last year adjusting journal entries from our accountant, do I need to run a month or year closure process before closing December this year?  And if so, what period do I select?


RESPONSE: You should be able to proceed with your final adjustment entry for last year.  The Year End close will run and automatically recalculate, if necessary.