Open a previous company/fiscal year, go to the Ledger form, and open the Recognize Result process.
Where necessary, change the description, the ledger account 'General reserve', the transaction date, or the period. The day book and the proposed ledger account have been defined on the Financial Settings form.
In some cases, postings are still being made to a previous fiscal year. In that case, run the Recognize Result process again. Once a fiscal year has been closed, the process can no longer be executed.
Result
The unrecognized result was shown in the next fiscal year. After completion of the Recognize Result process, the result will be transferred from ledger account, Unrecognized result, and the unrecognized result will be set to € 0 in the next fiscal year.
The process ensures that the balance of the recognized result of balance sheet accounts is posted to the balance sheet account, General reserve, and that the balance is updated on the balance sheet. The recognized results of profit and loss accounts are posted to the Profit and loss account, Recognized result.
Any postings with the transaction date specified are displayed in the journal.
For balance sheet accounts, after recognition of the year result, the closing balance of the previous fiscal year is copied to the opening balance of the new year. The result of the previous fiscal year will be displayed on the Ledger Overview form.