Income adjustment after closing out 2013 books in simply accounting

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Dear Sir or Madam,

We have closed our 2013 books in simply accounting and unfortunately we need to adjust income. We do not want to do it through retained earning account because then it will be a reflected correction in 2014 and we want to do it in 2013.

Can you please help us how we can go about it to do it in 2013?

Thanks so much for your assistance.

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  • 0
    SUGGESTED

    Hi Richee,

    If the current fiscal year is 2014, and you have not already started the 2015 fiscal year, the 2013 year is not permanently closed.

    You can change the date for 'Do not allow transactions dated before _____________' under Setup | Settings | System.  to any date between the end of the current fiscal year, and the beginning of the previous fiscal year.

    The Sage 50 data will have to be in 'Single User Mode' in order to make that change.  If there is no password on the company file, it is always in 'Single User Mode'.

    I hope that helps, please post back.

  • 0 in reply to RandyW

    Hi there - I am having the same problem, but when I go into Setup/Settings/System the box to check for entries prior to a certain date is grey and I am unable to make changes to it. I remember changing it to block out 2013 when I gave my SAGE file to my accountant because I didn't want to accidentally enter anything into 2013. But now that I want to get back into 2013, I can't. Any ideas?

  • 0 in reply to aclozzie

    You can only enter transactions in the latest two fiscal periods.

    Possibly the most recent fiscal year ends in 2015, which would limit you to making entries in 2014 and 2015.  

    Or, the system is not in 'single user mode', or you are not logged in with sufficient access to change the year end date.  (if you open SA without a password, this is not the issue, since there are no limits unless passwords are set up)

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  • 0 in reply to aclozzie

    You can only enter transactions in the latest two fiscal periods.

    Possibly the most recent fiscal year ends in 2015, which would limit you to making entries in 2014 and 2015.  

    Or, the system is not in 'single user mode', or you are not logged in with sufficient access to change the year end date.  (if you open SA without a password, this is not the issue, since there are no limits unless passwords are set up)

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