Post Adjusting Entries

Use the Year-End Post Adjusting Entries routine to update the Account Period Balances from the journal entry transactions created during Year-End Adjusting Entries Maintenance for the closing period (period 14).  Entries are posted to the specified year in history (usually the previous closed year).  The post updates the Ending Balance in the history year and the Beginning Balance in the current year.  When the routine finishes, the post report prints the totals and any errors that occurred.

Also called:  Update Closing Entries, Post Closing Entries

For additional information, click More.

Directions:

To see directions for...

• Opening Post Adjusting Entries, click More.

  1.  Click Year-End from the Menu Bar.

  2.  Click Year End Adjustments.

  3.  Click Post Adjusting Entries.
  
  Tip:  Or, use the keyboard shortcut:  [ALT] [y] [a] [p].
  
  Note:  You may also be able to access the General Ledger menu while in another INVISION module.  To activate the General Ledger menu in another module, the G/L Application Control must be set up for the module during installation.

   

  Post Adjusting Entries Window Example:

  

   

• Choosing the selections at the prompt window, click More.

   

  Year-End Post Adjusting Journal Entries Prompt Options Tip:  To see more information about a field, click the hyperlink for the field name.
  Period	Displays Period 14 - Closing Period, indicating that all transactions will post to period 14.
  Journal Code	Displays ALL, indicating that all Journal Codes will be posted.
  Update Historical Year	From the drop-down list, select the Fiscal Year to which the adjustments are to be applied.  (CCYY)
  Delete Inactive Accounts	To specify if you want to delete accounts whose Account Status is Inactive. To delete inactive accounts, select the box. To leave inactive accounts on file, de-select the box.
  	To run the routine and begin printing to the Windows® default printer, click Proceed or press [ENTER]. Keyboard shortcut:  [ALT + p]
  	To run the routine and print to the Print View screen, click here.
  	To escape from the routine, click Cancel. Keyboard shortcut:  [ALT + c] Tip:  Or, click Close .

   

• Report Sample(s), click More.

  To see an example of the report, click Post Adjusting Entries Report Sample.