financial year

is there anyway to reopen a closed financial year

No it not possible.

Let me know why u want to open that closed year?

Do u want o post ay transaction in closed year.

Just create that documents/ Journals and post .

System post that transactions in closed year.

Why do you want to re-open a closed FInancial Year?

closed the financial year accidentally during a mock implementation

Years cannot be reopened, however the only effect of a closed year is the periods within that year cannot subsequently be changed. You can still post etc as normal

Andrew

Hello

You are able to reopen the Accounting Period, if you create a report and run the report where you select the field “Closed” to be false.

But you need to have some knowledge to code the report.

If you continue to have a closed period then Prior-Year Entry will always be true in G/L entries.

I don’t agree with ui2607, One should not Re-Open the closed year this way.

Hello Dhan Raj Bansal

As I know the only functionality Accounting period has is, that it checkmark in G/L entries / and you are able to “Close income statement” for the closed year . But maybe you are right, it should not be reopened, before it has been tested by a developer.