Redirecting Period End Transactions in MISys when periods are locked
Hello All
Often times when posting a period end, there are transactions in MISys that are dated in a locked fiscal period in the accounting package. This tends to happen a lot more around month or year ends, where receiving, invoicing or transfer transactions are back dated.
MISys has a solution for redirecting those back dated transactions to a new fiscal period.
When posting a period end – select “Redirect Locked Fiscal Periods” and choose a date to redirect those transactions to.
For example. Now that we are in 2021 – if a user backdated an invoice to December 15, 2020, and December 2020 is closed in Sage/QBs – this option will allow the user to post that transaction into the accounting period and redirect it to January 4, 2021
If you have any questions, please reach out!
Dean.