Here's how the posting of audit adjustment affects the General Ledger when created and posted after Fiscal Year is closed:
- Open a Fiscal Year record that is still already 'Closed'.
- Click Audit Adjust toolbar button and click New from the Search Audit Adjustment screen to open a blank Audit Adjustment screen.
- Create new Audit Adjustment.
- Once the transaction is balanced, click Recap 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.
Click Post toolbar button on Recap Transaction or Audit Adjustment screen to post the transaction.
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