If you have run year end and you need to post adjustment journals, you can run an automated process to reflect these into your opening balances in period 000 of the following year.
If you have "In Progress" journals in period 100, you need to either post or discard them before running the adjustments. You cannot open period 100 whilst the adjustment process is in progress.
Before you adjust the year, make the following checks:
- Period 100 has been opened.
- You have posted any adjustment journals to period 100.
- The following year has a status of open.
To process the year end adjustments:
- Click Process Adjustments.
- Click Process to confirm that you want to proceed.