Re-open fiscal year

Yahoo Archive
1
That is it. Re-open it, make your entry and close it. It rolls everything
forward. Just be sure to make the proper updates to your Jan and Feb
reports/workpapers.



Edward F. Fox, Jr., CPA

Controller

Maxson Automatic Machinery Company

Phone 401-596-0162 a Fax 401-596-1050

www.maxsonautomatic.com

_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
ebklescarson
Sent: Tuesday, March 10, 2009 3:30 PM
To: vantage@yahoogroups.com
Subject: [Vantage] re-open fiscal year.



I need to make changes to fiscal year 2008 which I have already closed. Do I
re-open as though it were just a prior fiscal period and re-close it, or is
there another procedure that rolls everything properly to the following
year?





[Non-text portions of this message have been removed]
2
I need to make changes to fiscal year 2008 which I have already closed. Do I re-open as though it were just a prior fiscal period and re-close it, or is there another procedure that rolls everything properly to the following year?