I have not posted any transactions, however system does not allow me to delete the period with follwing message “Fiscal year cannot be deleted because not all periods are open” I have not done any period closing but the period at the begining of the year are having the status as “closed” this has been created by default by the system. I am unable to change the status of the period.
As I understood your issue is on the 2009 invoices. I think you do not need to open 2010 period for this. this invoices will be included in the outstanding balances of your AR/AP awaiting settlement. I believe it is better to handle this by manually encoding the “due date” located at the invoice tab of the general journal. I assume that these invoices are part of your beginning balances.