How to enter adjustments in a closed (historical) year

• Transactions can be posted in 2 consecutive years - the prior and current years
• Transactions can't be posted in a closed (historical) year
• A historical year is considered a year before the last fiscal year

Option 1: Process transactions in the last fiscal year

1. Enter and process transactions in the prior year.
2. We recommend that you contact your accountant to do this.

Option 2: If it is imperative to enter transactions in a closed historical year

1. Restore a backup for the historical year, naming the file appropriately.
2. Enter any year-end adjustments for the historical year.
3. Re-enter last year's and current year's transactions or find a third-party import utility to do this.