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Follow the steps below to record and post entries to a closed General Ledger period:
- In General Ledger, from the Tasks menu, select Open/Close Posting Period.
- Select the appropriate prefix and click OK. Skip this step if you do not use prefixes.
- Clear the check box that corresponds to the period that you want to open and then click Accept.
Note: The period must be available in Tasks, Open/Close Posting Period to open the period and to allow entries to post to the period. - Record the entries in the appropriate application and post them to the General Ledger.
- In General Ledger, from the Tasks menu, select Post Entries.
- Click Ranges, select the batch, and then click OK.
- Click Start and direct the posting journal to a file or printer.
- Repeat steps 1-3, but now select the check box that you previously cleared.
Note: If the entries are for a prior fiscal year, the year will need to be re-closed. Refer to the article: How do I close prior year adjustments to retained earnings? for instructions. Entries posted to a prior fiscal year affect your prior year's financial statements. Entries to income statement accounts in a prior year are prior year adjustments that affect retained earnings when you re-close your year.
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