Fiscal Year End

Yahoo Archive
1
Yes. It would recalculate them and retained earnings.

Russell Wright
Controller
Triton Industries, Inc.
Manitou Pontoon Boats
Phone (517) 322-3822
Fax (517) 322-3872
2
Does any one know for certain if you can post new journal entries to the
current year and still have last year open... Will it affect the last
year numbers if you do not close the prior year before completing the
next month in the current fiscal year? Our year end was 3/31/07 and
corporate has not given us the final ok on the YE for us to close the
year but we need to work on April 07.

Thanks!!

Stephanie



[Non-text portions of this message have been removed]
3
Yes you can.

You can even close the year in Vantage and reopen it and post late
post-closing j/e's. The system is very flexible in this way.


Edward F. Fox, Jr., CPA

Controller

Maxson Automatic Machinery Company

Phone 401-596-0162 a Fax 401-596-1050

www.maxsonautomatic.com <http://www.maxsonautomatic.com/>



_____

From: Geary, Stephanie [mailto:sgeary@...]
Sent: Thursday, April 26, 2007 2:57 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Fiscal Year End



Does any one know for certain if you can post new journal entries to the
current year and still have last year open... Will it affect the last
year numbers if you do not close the prior year before completing the
next month in the current fiscal year? Our year end was 3/31/07 and
corporate has not given us the final ok on the YE for us to close the
year but we need to work on April 07.

Thanks!!

Stephanie

[Non-text portions of this message have been removed]






[Non-text portions of this message have been removed]
4
I know in version 6.1 you can. You can even close the last month of the
fiscal year and then re-open it later. Of course, any changes would change
starting balances for the new fiscal year.

Russell Wright
Controller
Triton Industries, Inc.
Manitou Pontoon Boats
Phone (517) 322-3822
Fax (517) 322-3872
5
Ok so if you were to have a change that would alter retained earnings
or whatever... when you reclosed that last month it would recalculate
the end of the year entries?



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Russell Wright
Sent: Friday, April 27, 2007 8:06 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re:Fiscal Year End



I know in version 6.1 you can. You can even close the last month of the
fiscal year and then re-open it later. Of course, any changes would
change
starting balances for the new fiscal year.

Russell Wright
Controller
Triton Industries, Inc.
Manitou Pontoon Boats
Phone (517) 322-3822
Fax (517) 322-3872


This message has been processed via your triumphgroup.com e-mail
address.



[Non-text portions of this message have been removed]
6
You can post new journal entries to the current year but your balance
sheet accounts will not have a beginning balance until you close the
previous year. You should, however, close your fiscal year before you
run financial statements for the current year.

Sandy Morse
BVR Technologies Company
815-874-2471 x112

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10. Fiscal Year End
Posted by: "Geary, Stephanie" sgeary@... sageary25
Date: Thu Apr 26, 2007 11:58 am ((PDT))

Does any one know for certain if you can post new journal entries to the
current year and still have last year open... Will it affect the last
year numbers if you do not close the prior year before completing the
next month in the current fiscal year? Our year end was 3/31/07 and
corporate has not given us the final ok on the YE for us to close the
year but we need to work on April 07.

Thanks!!

Stephanie