Could you please urgently check the following as I am trying to finalise our Year End 30/06/2016.
Journal dated 30/06/2015 “Accrual year end Accounting Fees – June 2015” is included on my balance sheet for the period 30/06/2016 and this is not correct. Balance sheet item 7601 – Audit and Accounting Fees.
Not sure why Journal dated 30/06/2015 “Year End Journal 30/06/2015” is not locked. I did lock the date “30/06/2015” in the tool settings but it still will not lock.
Thank you
Sonnet
The balance sheet will show cumulative balances (i.e. the sum of all credits & debits from when you started using QuickFile), so a journal for June 2015 would affect the a balance sheet report made up to June 2016.
When you lock an accounting period it locks down the period but an exception is made for year-end journals, this is so you can post a year-end journal and modify it if you need to, without having to rollback the year-end journals completely.