Receiving payment related to a closed year

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  • Updated 4 months ago
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I have finally received payment for an Invoice I raised last December. As we operate on a Calendar Year, that year (2017) is now closed.

Reckon will not let me process the incoming receipt against the invoice, saying:

E0000001033: This book has been locked off until 31 December 2017. Transactions dated on or before this date can't be added, edited or deleted unless the lock off date is changed

I'm unwilling to re-open the closed year, since I don't know what changes Reckon might make. Also, I can't see why this should be necessary anyway - the Revenue and A/R entries belong to last year, but the Receipt (and A/R clearing) belongs in this year.

Is there a way to process the receipt without re-opening the closed year?

Many thanks,

Marc
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Marc H

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Posted 4 months ago

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John G, Information Support Analyst

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Thanks for asking Mark,

That's right, the only way to match the payment to the invoice which is in the locked period, is to unlock, process the payment (which will appear in the current accounting period) and then lock the book at the same date again.

Hope this helps.


regards,
John