You can have several years open at the same time (but I don't recommend it...;>)
You MUST have created/defined the periods in the new fiscal year within the Fiscal Period masterfile.
Then when you finally close the prior year, the Balance Sheet account ending balances will become the new year
beginning balances and the Income Statement accounts zero out to Retained Earnings.
Phyllis Thé
Accounting Manager
ATP Applied Thin-Film Products
3439 Edison Way Fremont, CA 94538
Telephone: 510-661-4287 ext. 43
Fax: 510-661-4257
Web: www.thinfilm.com <http://www.thinfilm.com/>
[Non-text portions of this message have been removed]
You MUST have created/defined the periods in the new fiscal year within the Fiscal Period masterfile.
Then when you finally close the prior year, the Balance Sheet account ending balances will become the new year
beginning balances and the Income Statement accounts zero out to Retained Earnings.
Phyllis Thé
Accounting Manager
ATP Applied Thin-Film Products
3439 Edison Way Fremont, CA 94538
Telephone: 510-661-4287 ext. 43
Fax: 510-661-4257
Web: www.thinfilm.com <http://www.thinfilm.com/>
[Non-text portions of this message have been removed]