This entry as with all year end adjusting entries belong in the prior year. If you have set the 'do not allow entries before' date as the end of your fiscal year, you will have to remove this, uncheck it, or change the date to an earlier date. Then make your entry, general journal, using the last day of your fiscal year. Once entered be sure everything happened that you intended and then reset the date which you changed or removed earlier.

Hi Alwyn, I am new at this, how do I go about opening the previous year. to make these entries? I am sure I never set the  'do not allow entries before. Thanks, B

Make your general journal entry and enter the date as the last day of your previous year. There is no formal procedure to open the prior year as you did nothing more than advance the session date to open the new year. The program (PRO Version) retains all of the information for the last six years as required by the CRA. However, you can only make entries in the current year and next prior year just by dating the entry for the date you want to use. One other idea - once your books have been sent to the accountant to prepare your year end and file the tax return you should never make any more entries in the prior year. The only exception would be the accountant's adjusting entries.

Hope this helps

This helps a lot and good to know. thank you, The taxes were filed and I received the capital cost report from the accountant. but when I sent the file and asked about adjusting entries, he did mentioned there would be no adjusting entries. So, I will adjust the amortization this year for 2022. So they will have the correct balances for end of this year. 

thank you again. B

New at this also. I just thought they would have to be recorded in the year they were amortized. 

Hi Brenda B., if the above suggested answer helped, please mark it as verified  (by clicking the "…."next to Reply, on the response) for the benefit of others in this forum . Thank you!