If you need to correct a transaction from a prior accounting period you will need to perform the following:
- Open every accounting period closed in order of newest to oldest.
- Un-post and repost the transaction you would like to fix.
- Close each accounting period in the order of oldest to newest.
For example lets say the current accounting period is 2012-12 and you want to correct a transaction in 2012-10. You will need to do the following:
- Open 2012-12, then 2012-11, then 2012-10.
- You will then need to fix the transaction 2012-10 by un-posting it and reposting it.
- Then you will need to close 2012-10, then 2012-11 and 2012-12.
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