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changes.mady.by.user Pamela Salazar

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Here's how the posting of audit adjustment affects the General Ledger when created and posted after Fiscal Year is closed:

  1. Go to GL > Audit adjustment 

  2. Click New from the Search Audit Adjustment screen to open a blank Audit Adjustment screen.
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  3. Create new Audit Adjustment.
  4. Once the transaction is balanced, click Post Preview button to view the accounts affected by this transaction. Since Fiscal Year is already closed, additional entry that zeroes out nominal accounts and a Retained Earnings entry to close that amount will be shown.
    Image Added

  5. Click Post toolbar button on Recap Transaction or Audit Adjustment screen to post the transaction.

    Expand
    title16.4 below
    1. Open a Fiscal Year record
    Open a Fiscal Year record
    1. that is still already 'Closed'. 
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    Click
    1. Click Audit Adjust
    toolbar
    1.  toolbar button and
    click
    1. click New
    from the
    1.  from the Search Audit Adjustment
    screen
    1.  screen to open a blank Audit Adjustment screen.
      Image Modified
    2. Create
    new
    1. new Audit Adjustment.
    2. Once the transaction is balanced,
    click
    1. click Recap
    button
    1.  button to view the accounts affected by this transaction. Since Fiscal Year is already closed, additional entry that zeroes out nominal accounts
    and
    1.  and a
    Retained
    1.  Retained Earnings
    entry
    1.  entry to close that amount will be shown.
      Image Modified
    Click
    1. Click Post
    toolbar
    1.  toolbar button on Recap Transaction or Audit Adjustment screen to post the transaction.