Do I need to tick the box for 'Post previous Period Also'?
The Post Previous Period Also function will post all previous P&L values in the current posting.
this means that previous years P&L entries will be mixed in with the current posting.
It is NOT recommended to do this.
The recommended method will be to run the YEC module for each period.
this creates neat and easy to understand GL entries.
Related Articles
Changes to GST Post
To make changes inside a GST Locked period, you will have to enable the following setting: Once enabled, anyone may add/edit transactions within GST Locked period. You may consider setting Authorisation Password. Users will be prompted to enter a ...
Setting Financial Periods & Locking Accounting Data
Setting Financial Periods & Locking Accounting Data Location Action Remark Setup Activity> A/C Setting Click SETUP activity Click ACCOUNTs Click A/C Setting module Click EDIT This is to open and set the Accounting Registration in edit mode. ...
How to Solve - Previous Uncommitted transaction found - Message on GST F5 Report Module
4.4.3.1 How to Solve - Previous Uncommitted transaction found - Message on GST F5 Report Module? This message occurs due to transactions that have not been committed and are not within the trial generation period or entries ...
Amending a Customer Business Partner to also a Supplier
Amending a Customer Business Partner to also a Supplier Location Action Remark Setup> Customer/Vendor> Business Partner Module Select the Customer Click EDIT CUSTOMER SECTION: This defines if ...
How to do Year End Closing?
Preparation The main purpose of Year End Closing process is to move the Profit/Loss amount incurred over the Financial Year (stored in Expense, Cost & Income accounts) to the Retained Earnings account. Ensure that all previous Financial Periods have ...