Use this option to post journal entries to Period 13 of the prior fiscal year. The adjustments are entered as Period 13 transactions. The same restrictions and capabilities that apply to the Post Journal Entries option also apply to the Post Last Year Journal Entries option. You cannot set the period to the current fiscal year on this page.
You cannot post journal entries to the prior fiscal year after running the Fiscal Year End Processing Final Close option. The close rolls fund balances from Period 13 transactions into Period 1 of the new year. For details, refer to Final Close.
Menu Path
From the Fund Accounting menu, select Entry & Processing. From the General Ledger menu, select Post Last Year Journal Entries.
For details about the procedure, refer to Post Journal Entries.