Close Year by mistake

sabzam
sabzam Member Posts: 1,149
edited 2009-05-07 in NAV/Navision Classic Client
Dear All,

A client of ours have by MISTAKE closed the current accounting year period. Is there a way to reverse this action? Btw this client is using NAV 4 SP1.

Regards,

Sabzam.

Comments

  • akerstiens
    akerstiens Member Posts: 15
    If the just closed the accounting period, and did NOT run any of the journal postings you can with your developers license temporary change the "closed" Boolean to editable then undo then open the periods back up. However, make sure you change the field back to non-editable one you are finished.

    Please note, special caution should be used when it is time to close the year for real. Keep a close eye on the dates it will be attempting to close, and review the closing entries closely.
  • David_Singleton
    David_Singleton Member Posts: 5,479
    be aware also that you may now have entries flagged as "posted in closed accounting year" during an audit these are going to look very suspicious. Make sure that the companies auditors accept and sign off on this process. Don't simply surprise them at tax time.
    David Singleton
  • akerstiens
    akerstiens Member Posts: 15
    Good advise, I do not know if that if that flag will activate if the system is opened up or not. However the CPA's need to be advised for sure if the client has to undergo a review or audit. As long as a third party is modifing these fields the CPA's probably will not mind. However, if they undergo an audit they might want to physically watch.

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