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How To Process Adjustments for a Year After The Subsequent Year Has Already Been Closed

To process adjustments for a previously closed year, the subsequent year must first be reopened. This action requires contacting support for assistance. Reopening a year involves deleting journals, transactions, and balances created by the year-end process. After the year is reopened, users can process adjustments and then close the year again.

  • May 23, 2025
  • Knowledge

Title
How To Process Adjustments for a Year After The Subsequent Year Has Already Been Closed
Summary
To process adjustments for a previously closed year, the subsequent year must first be reopened. This action requires contacting support for assistance. Reopening a year involves deleting journals, transactions, and balances created by the year-end process. After the year is reopened, users can process adjustments and then close the year again.
URL Name
How-To-Process-Adjustments-for-a-Year-After-The-Subsequent-Year-Has-Already-Been-Closed

Release Version
Additional Notes
  • Reopening the year requires development to delete all Journals and Transactions created by the year end process.
  • The Budgets and Balances and the Reporting Balances for the entire year will be deleted.
  • The closing entries will be regenerated when the process is ran again.
Procedure
  1. Contact support for assistance, the subsequent year will have to be reopened in order to process these adjustments.
  2. The support team will need subscriber access from a user with System Administrator access, customer approval to reopen the year, and a time window where no AC users are in the org.
  3. Once the year is reopened, go to Years > Click on the prior year > Click Process Adjustments
  4. Go to the Balance Update tab > Populate the Year field with the opened year > Populate the From Period and To Period fields to include the whole year > Click Run
  5. Once that has completed go to the Reporting Balance Update tab > Click Full Synchronization
  6. The year that was reopened can now be closed again. 
Objective
  • Processing adjustments for a year after the subsequent year has already been closed.
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Knowledge:How To Process Adjustments for a Year After The Subsequent Year Has Already Been Closed