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Thread: Pastel Accounting Periods

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    Pastel Accounting Periods

    Hello People
    Is it possible to have another period after period 13. we have an audit which is not yet complete and will need to post some journals for the 2014 year.

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    Platinum Member Neville Bailey's Avatar
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    No, it is not possible to open periods beyond period 13.

    However, even if you run the Year End now, you can still post the audit adjustments, as prior year entries, in the company. The opening balances, including the retained income account, will adjust accordingly.
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    Quote Originally Posted by Neville Bailey View Post
    No, it is not possible to open periods beyond period 13.

    However, even if you run the Year End now, you can still post the audit adjustments, as prior year entries, in the company. The opening balances, including the retained income account, will adjust accordingly.
    Thank you Neville
    I will follow your advice

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    I am trying to setup a new company. Problem with setup period: I want to start with January 2014. Complete 2013 period as well. The system won't take the setup "The start date cannot be greater as the end date". What do I do wrong? My date range is 01/01/14 to 31/01/14 etc.

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    Quote Originally Posted by Neville Bailey View Post
    No, it is not possible to open periods beyond period 13.

    However, even if you run the Year End now, you can still post the audit adjustments, as prior year entries, in the company. The opening balances, including the retained income account, will adjust accordingly.
    But your 2013/14 company file will be incorrect, assuming that you posted prior year entries in your 2014/15 company file.

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