Brenda: Even the 13 year old program will allow you to post in the current year and the immediate prior year. Move ahead and start posting into the new fiscal year. To protect the prior year use the 'do not post before date' feature and you should be good. When you get the adjusting entries for the prior year just remove the date block, post the entries required and then replace the date block. Simply will then adjust all account balances as required and bring them forward into the new fiscal year and you should be good to go. It is almost like magic!

 With the date block:  when I move ahead to new fiscal year, do I enter the "date block" as Jan 1, 2023, then start posting new year entries,

And then once I receive the Prev years Year End Adjustments, I just (untick) the box then post the Yr End Adjustments to previous year?

Then put the 'date block' on again as Jan 1,2023?

Hi Brenda: Yes, it is that simple. However, If you use the date of January 1st, 2023, you will not be able to enter anything using January 1st. A better date to use is December 31st, 2022. I never put the date block on that tight as there are always items to be entered in the prior year for a couple of weeks into the new year. You can set the date to December 31st when you are certain that nothing further has to be entered in 2022 and the 2022 books are ready for the accountant. In the meantime you can be entering the 2023 transactions to keep yourself current.

Thank you very much!  I had trouble wrapping my head around that so you've really made it clear!