Interesting Discovery in my accounts -- more info...

[Dean Gibson]

The expense accounts were probably edited or posted to (eg, with an 
incorrect date) after you "closed" them.  The year-end closing process 
is quite simple and probably NOT at fault.

Yes, you can go back and close them with an old date.  Just make sure to 
delete the old closing transactions (one income, one expense) for that 
year before you do the new close.  I do this anytime I have to go back 
and correct a prior year transaction.


On 2017-12-02 14:32, Jay Ridgley wrote:
> On 12/02/2017 04:01 PM, Jay Ridgley wrote:
>> Good Afternoon,
>> I just discovered that in 2014 a number of my expense accounts were 
>> not correctly closed (they had a balance other that ZERO)!
>
> I have always closed my books at the end of an accounting period.
>
> However, upon further investigation, it appears that the 2013 close 
> book transaction was not correctly performed.
>
> How that happened I have no idea. Most likely I did the close book for 
> that year incorrectly and missed it. Is it recoverable? For instance 
> can a close books be run with a date of 12/31/2013?
>
> I do not want to start over with a new set of books but I may have to 
> do so.
>>
>> Questions that I have:
>>
>> 1. How did it happen?
>
> See above
>
>> 2. Has this happened to anyone else?
>> 3. How do I correct the problem?
>>
>> I can not go back and recreate 3 YEARS of data.
>>
>> Ideas...
>>
>> Regards,
>> Jay
>
>