Open New Year
How do I open a New Year for Accounts Payable and General Ledger?
Create the accounting period for each Corp/Fund for the new year. (this example is from 2021 to New Year 2022)
You can easily clone from one year to the next using Option 18 -Clone Accounting Periods, from the General Ledger File Maintenance menu.
You will need to key in the Corp/Fund and the "from" year 2021, then the same Corp/Fund and the 'To" year 2022, at the copy period closed area, key in a "N" and the following fields will appear.
From Corp# : 2 To Corp# : 2
From Year : 2021 To Year : 2022
Copy Period Closed Data . . . .: N (Y,N)
Set 12 months to Yes or No
Valid For GL . . . . . : Y
A/P Closed . . . . . . : N
A/R Closed . . . . . . : N
Set the Valid for GL, AP Closed, and AR Closed as shown above. You will need to do this for all Corps/Funds.