Issue/Symptom/Question

Previous Fiscal Year has been closed, but adjusting entries need to be posted to closed fiscal year period. How do I post transactions to a closed fiscal year.

Applies To

All versions

Patriarch OU fiscal year closed

Financial and Accounting/Processing/Accounting Closes/Close Fiscal Year

Resolution/Fix/Answer

Please log a Service Desk Ticket identifying the Patriarch Legal Entity OU, the Fiscal Year, and any periods other than the final one to be opened.

Penta will need to 're-open' the closed Fiscal Year and the final accounting period 12 for any adjustments needed..
If for some specific reason, the adjustments need to be made in an earlier period (than period 12),we will need to re-open all periods within that previously closed fiscal year for the patriarch OU selected.
Once the adjustments are completed, please re-close the opened period(s) again, and then re-close the Fiscal Year.
Once this has been completed, please notify Penta, and Penta will re-set all current fiscal year closes that were previously processed. Once that is done, continue normal processing.

Cause

Adjusting entries for a previously close FY have been identified, and will need to be entered with a posting date in the closed fiscal year.

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