Knowledgebase: Pegasus Opera
Posting Prior Year Journal to a Profit and Loss account and ensuring the Profit and Loss Retained gets updated in Period 1 of the current year
Posted by Claire Craig on 25/08/20 16:56

If posting a Prior Year journal to a profit and loss account ensure that your balancing entry is being posted to a Balance Sheet Account (check the Type set against the nominal account)

If your balancing entry is not a balance sheet type account the system is unable to then post to the Retained P&L account in the period 1 of the current year.

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