Need To Allow Posting To Any Period

[PAUL NAK]

PEACHTREE WILL NOT ALLOW ME TO POST INTO A PREVIOUS PERIOD WITHOUT CHANGING THE ACCOUNTING PERIOD
I HAVE USED PEACHTREE IN THE PAST AND WAS ABLE TO POST INTO ANY PERIOD
PLEASE TELL ME HOW TO CHANGE TO POSTING IN ANY PERIOD AT ANY TIME

[Unregistered]

DDD

[Diane Koers]

PT doesn't let you post to a previous period but will let you post to a future period. It's always been this way....

.....however....there is a workaround. This works for AP, AP and Inventory only - not on GL and PR. Create and post the transaction in the current month. Then edit the transaction and you can change it to a prior month date. You'll get a warning that you're modifying a prior period but you can go ahead and do it.

[Lorin Browning]

Diane,

This applies to General Ledger posting only:

Suppose November is now the period open. For some reason, I need to make a general ledger posting dated in July. It is true I can't post to July because it is not the current period. But I seem to be able to change the current period to July, post what I need to, and then change the current period back to November. It seems to work. Are there any consequence I haven't noticed that may be waiting to bite me in the butt?

Lorin Browning

[Diane Koers]

Lorin,

The consequences are in the reporting. If you have an outside accountant and you've sent your records to him for the previous months, and then you go to PT and make a change to July, you'll need to communicate this to your accountant.

You'll need to reprint reports from July on.

[Lorin Browning]

Diane,

Thanks for your reply. I am the accountant. I use Peachtree primarily for my own accounting and tax representation practice. I was afraid of possible file corruption if I played around with numerous changes of accounting periods. I feel more safe after your response.

[Kerriberry]

I have experienced a problem with constant changing periods/posting entries/changing periods again. This can cause your Balance Sheet to be thrown out of balance. Always look at a Predefined/Standard Balance Sheet to verify assets = liab + cap. When this happens you must run an integrity check to force the system back into balance.