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Year End and Prior Year Reports

Virgil Lee
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Good Morning 

We have rolled the year end on our accounts and I was told that we would be able to post year end adjustments via 'previous year journals' which we have done, and the transactions are posting into Period 12.  The issue I have is that when I run TB Prior year reports it doesnt pick up the transactions that have been posted into period 12.  Am i doing something wrong - is there a way to get the TB at period 12 to include the transactions posted via the previous year journals?

Thanks 

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  • 0
    Suggested

    Virgil, have you entered this through the Create Journal Entries Routine via NL > Enter Transactions > Journal Entry and dated it for your Period 12? In which case, this is incorrect for what you are trying to achieve.

    If you enter via NL > Enter Transactions > Previous Yr Journal Entry, the postings will reflect in the Reports as you are expecting.

    You may not see the Previous Yr Journal Entry on your menu if you have not been given access to it by your Sage Admin. This is controlled by the setting via NL > Utilities > Ledger Set Up > Defaults Tab and the Check Box against Post Entries for Previous Year

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  • 0
    Suggested

    Virgil, have you entered this through the Create Journal Entries Routine via NL > Enter Transactions > Journal Entry and dated it for your Period 12? In which case, this is incorrect for what you are trying to achieve.

    If you enter via NL > Enter Transactions > Previous Yr Journal Entry, the postings will reflect in the Reports as you are expecting.

    You may not see the Previous Yr Journal Entry on your menu if you have not been given access to it by your Sage Admin. This is controlled by the setting via NL > Utilities > Ledger Set Up > Defaults Tab and the Check Box against Post Entries for Previous Year

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