The year has to be initialised before postings can be made to those periods.
Attempting to post to a year that is not yet initialised will warn 'Posting date is beyond range - Initialise next year'. If the Ledger system setting SaveErroredSets is ticked, the form will activate and an errored journal will be created.
Steps
| 1. | General
Ledger  Configuration Setup
|
| 2. | Click Add Year and select the Retained Earnings account from the search window |
| 3. | Type in the relevant period descriptions |
| 4. | Save changes and the year can now be posted to |
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