Epicor 10 - reopen previous fiscal year

Epicor ERP 10
1

Hello,
our finance dept wants to reopen 2019,2020 and 2021 fiscal year and do some adjustment.
My question is after they finish the adjustment, we need run transfer balance and verify balance.
is it correct. or there is a different approach to reopen the previous fiscal year and do some adjustment.

thanks,

Eddy

2

Hi Eddy, to my knowledge, that is all you’d have to do as long as it’s just manual journal entries. Probably best to do the Transfer Balances processes sequentially (i.e. 2019 to 2020, 2020 to 2021, and so on).

3

Hello Jacquelyn,
thanks so much. that’s what I thought too. we will do the transfer balance for 2019 and then 2020 and so on so for.

thanks,

Eddy

1 Like
4

Hi
You may not be required to run transfer balance, Epicor should update the OB for subsequent years automatically. But, running the transfer balance again will do no harm.
Thanks
S Rakesh

5

thanks so much.