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Adjustment Journal Entry For Closed Year

Received Response
edited Jun 22, 2020 12:15PM in General Ledger & Intercompany 3 comments


Adjustment Journal Entry For Closed Year


After Closing our year 2019 by running the process "Create Income Statement Closing Journals" to close the Revenue and Expenses accounts in the Retained Earning Account and closing the related periods. We got an adjustment entry which is related to the prior year "the closed year 2019" and it's includes some revenue accounts. So we have opened the last period Dec-19  added the journal after that we have closed the period again. Our question here is how we can closed these accounts in the Retained Earning account again ?

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