Working In The Prior Year

Changes can be made to prior year data in several ways. 

• If the prior year file still exists, the changes can be made in that prior year file directly, and then go through the year end close process again.  When a prior year file is closed into an existing current year file, the resulting process is called a multiple year end close.  During a multiple year end close, only the prior year balances (and current year opening balance if applicable) will be affected.  Documents and other supporting components are not brought across.
• Additionally, Working Papers now has the functionality to create Adjustments with dates in the prior year (see screenshot).  These are categorized as prior year adjustments on the Working Trial Balance, separate from adjustments made in the prior year file which were rolled forward in the original year end close.
• Should these methods fail, the alternative is to open the Working Trial Balance, scroll over to the prior year column, and double-click on any balance within.  The resulting screen will be the breakdown of where the prior year data is coming from.  Individual period balances can be manipulated here as well as existing adjustments and the opening balance.