Current year

Would you be able to tell me if I can close a current period in Sage, can I re-open a previous period 

to make an adjustment that belong to that period? example: re-opening a specific month and posting a GL entry.

  • 0
    Yes you can do this. However this must be done under the authority of the accountant (or the appropriate person) as he may already have closed that period and created all of the Managerial reports.
    If you now open a prior period and post entries, this will mess up the prior period reporting.