Forum Message

previous year adjustments after year end procedure

Hi there,

Are we able to go back and adjust figures after a year end has been completed and a new financial year started?


Posted by Angie morgan on Apr 21, 2011 4:51 PM BST

Hi Angie,

Yes - Solar Accounts allows you to edit any transaction dated in a prior financial year. If the adjustments you make result in a different profit figure for the previous year, you will find that the opening balance of one of the income or expense accounts is no longer zero. To correct this, revert to the previous financial year (click menu Setup > Financial Year > Revert to previous financial year) then start a new year again.

Regards,


Posted by Mark McLaren (Solar Accounts) on Apr 23, 2011 9:12 AM BST