We make a new company every year and add the year "2022, 2023, etc" to the end of the company name.  Problem is, this year, we discovered quite a few entries still needed to be made in the previous company, but we had already moved forward in the 2023 company.  We were hoping to not have to put the journal entries in twice......

We make a new company every year and add the year "2022, 2023, etc" to the end of the company name.  Problem is, this year, we discovered quite a few entries still needed to be made in the previous company, but we had already moved forward in the 2023 company.  We were hoping to not have to put the journal entries in twice......

The timing of creating the archive/backup company is the key for each user’s company.  Some customers find it is best to create the archive/copy company just before they close the month since at that time, all the entries should be entered.  But that may not work out for all companies.

If you find yourself needing to enter several entries into your current and archive company, Vince Settipane had a good suggestion to enter them in your current company, then create a new archive/copy company that has the additional information, i.e COMPANY2022REVISED.

Also, if you use the Utilities, Maintain Company option to copy your company, there is an option to ‘Copy user security’.  This will copy the users security from the original company into the copy company. 

For full instructions on creating an archive company, please see enclosed link:

How do I create an archive company or copy of an existing company?

Sincerely,

Coleen