Posting to a Closed Year or Period in Microsoft Dynamics GP

Transactions can only be posted to current open year or the most recent historical year.  This allows a year to be closed even before final audit adjustments have been received.  Posting to the most recent historical year will update the beginning balances of the current year.

To post transactions to a closed year or a closed period in the current year:

1. Using the Fiscal Periods Setup window (Tools -> Setup -> Company -> Fiscal Periods) open the fiscal periods to be used in the transactions.
2. On the General Ledger Setup window (Tools -> Setup -> Financial -> General Ledger) mark Allow Posting to History. If the new transactions should NOT roll forward and adjust the beginning balances of the current year, Un-check the Accounts and Transactions checkboxes under Maintain History on this screen (Note all original settings before making any changes.)
3. Enter and post the needed transactions through the General Ledger Transaction Entry screen (Transactions -> Financial -> General) and post them.
4. Re-close the fiscal periods; restore the settings on the General Ledger Setup window.