Reset Month/Year

General Ledger – Month End – Reset Month/Year

Click Reset to advance both months’ settings to the next month.

Click OK to set the month as displayed.

Current Entry Month/Year is the current month of entry that will be displayed as the Trans Mo/Yr on all entry screens. The month may be overridden on the entry screen if necessary.

G/L Close Month/Year is the G/L month that is to be or is being closed. G/L month is normally always one month behind the current entry month/year. The exception to this is if you’re at year-end, have not yet run the year-end close, and wish to set the current entry month/year to the second month into the new year, while the G/L close month/year is still the last month of the prior year. The G/L close month/year needs to be set to the last month of the year when running the year-end close.

Note: After you have reset to a new month, you MUST run month-end update at some time during the month.