Specifications

Computer Tutorial 3 Lesson 5  9
EXHIBIT 5-5
Batch listing
TOPIC 5.5
Making an adjustment to a prior period
There are situations where you may need to make changes to prior periods, such as
adjustments that came to light during an audit that need to be reflected in the financial
statements of the period. Posting entries to previous fiscal periods can also be used to enter
opening account balances.
To be able to post to a prior year, this option must be selected under G/L options. To open the
G/L Options window, click G/L Setup and then double-click the Options icon. The G/L
Options window opens. Click the Posting tab (Exhibit 5-6).