year end close

I have closed the year and made a correction.  It created a BBF entry automatically and I don't need the entry.  How do I make a correct a Balance Brought Forward.

 

 

  •  

    Enter the transaction in closed year, it automatically generate 2 entries and settled in trial balance. 

  • In reply to Ameen:

    How do you roll forward the ending balances in MS Great Plains Dynamics so that they become your beginning balances in the subsequent year?

  • In reply to Stephen:

    Hi Stephen,

    The Dynamics GL year and close process is designed to automatically generate the JE to close out the P&L accounts to retained earnings then roll all Balance Sheet account balances forward to the next years (as beginning balances). As always, please test this process within your test company to ensure the results are acceptable before processing in production.

    It is HIGHLY recommended to thoroughly review the Microsoft year end close documentation prior to performing this process.

    Thanks,

    Nick
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