The nominal ledger Adjustment Journal function allows for journal postings to be made to closed
periods. This is created by taking the same steps as a normal journal with the addition of selecting
the period the journal is to be posted to. This feature should only be used by people familiar with the issues involved with posting to prior periods.
On completion of the journal, a daybook printout will be produced with the period value showing as the selected period.
Any journal into a closed period that includes a posting to a Profit & Loss nominal code will affect
the profit that must be transferred to the Balance Sheet each month. To avoid putting the ledger out of balance, any journal adjusting the P&L profit should also include a posting to the transfer nominal code for the balance of the adjustment to retained profit. A warning will be presented as a reminder if any P&L codes have been selected, regardless of whether the transfer posting has been included.
It will not be displayed if the postings only relate to the Balance Sheet or if the P&L impact of the postings is Zero.
An Adjustments Report detailing all adjustment journals posted within the specified period is
available within the Nominal Ledger Reporting menu.