Adding an expense to closed year

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JensenTC
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Joined: Sun Jan 04, 2015 7:50 am

Adding an expense to closed year

Postby JensenTC » Sun Jan 04, 2015 7:56 am

I have two checks that were hand written last year that were not recorded in 2014. The fiscal year has been closed. Is there a way to record those checks in last year?

Terry

tomjensen581
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Joined: Mon Dec 30, 2013 9:41 am

Re: Adding an expense to closed year

Postby tomjensen581 » Sun Jan 04, 2015 12:54 pm

I asked the same question last year and unfortunately we cannot back-date the expenses to the 2014 calendar year, they'll have to hit your 2015 budget or other expense line item, see the following response:

"...when is the last possible day to get a check reimbursement through the system and still have the funds applied from the FY13 budget? Is 12/31/13 the cutoff date or is there a grace period for closing the books?

No, there's no grace period. If an expense is posted in 2013, it applies to 2013; if it is posted in 2014, it applies to 2014."


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