Prior Year adjustment help

[gokartparty]

I need to make a minor adjustment to an account for a period which is now locked, I have tried to modify a year end journal, but the system doesn’t allow me to modify that journal. How else can I post this adjustment so that our accounts match the records out auditors have? Thanks

[QFSteve]

Hello @gokartparty

You would need to

1. Delete the Year End Journal via Reports > Journals > Select the Journal > Delete this Journal

2. Adjust the Lock date via Account Settings > All Settings
   
   

   

3. Modify and re enter the Journal

4. Re-apply the lock date

[gokartparty]

Hi Steve,

Thanks for the prompt reply.

I am not sure what you mean by the Year End Journal, if you mean the last journal that was posted in that year (31/10/20) it will not allow me to delete it.

Thanks & Regards

Gerard

[QFSteve]

Hello @gokartparty

When the year end has been done a journal is posted to clear down you Profit and Loss as shown in the example below.

If you do not have this Journal proceed to amend the lock date as mentioned in my previous post.

[gokartparty]

Hi,

Thanks very much Steve, I have found the year end journal.

Thanks & Regards

Gerard