You are here: Frequently Asked Questions > Budgets > I have closed the year but I have forgotten to enter a few transactions before closing it.  How do I enter them?

I have closed the year but I have forgotten to enter a few transactions before closing it.  How do I enter them?

 Précédent  Suivant Haut

Use the menu File>Open an Association and click on the top right button 'Display previous years'.

 

When closing the financial year, Condo Manager has automatically created a new association as well as the folder to hold it with a reference to the closed year. 

 

All previous years will be displayed.  Choose the one you want. 

 

You are going to have a message advising you to be careful when affecting a year that has already been closed. 

 

But, if you want to process a few transactions or corrections, you can do it by answering 'Yes' to the question as far as you have the authorization to do it (password).

 

The year chosen will be opened up with a warning saying that you will be working in a previous year.  A large red message will be displayed in the middle of the screen and the word "Previous Year" will be displayed on the top bar.

 

Process all corrections or transactions needed. 

 

Don't forget, however, that all account balances have been already copied into the opening Balance Sheet of the next year when the previous year has been closed. 

 

So, after having done your corrections and before exiting the previous year, print a Trial Balance to have all balances for all accounts after your transactions or corrections.

 

Then, open the current year and process a general transaction via "Transactions>General" to pass the corrections required.  You can't change the amounts already displayed in the screen of the menu "Tools>Opening Trial Balance" since a group of transactions has been processed by the "end of the year" procedure.

 

There will be changes only in Assets, Liabilities, Capital, (Receivables and Payables included).

 

You never have any revenue or expense balance when beginning the year.  So if you have changed some revenue and expense account balances, you must modify the Capital Operation Fund for the difference between the changes made in the revenue accounts and changes made in the expense accounts.