Can I enter an end of year journal after I have closed off the financial year?
Yes, you normally can.
When actioning a roll over for a financial year, the system still keeps the full transaction history (i.e every journal in detail) for the new (current) financial year, two prior financial years and one year in the future.
So what you would expect if you are rolling over from 2017/2018 to 2018/2019:
- The full transactions for 2016/2017, 2017/2018, 2018/2019 and 2019/2020 will all be available in full.
- The journals from the years before all of those will have been summarised into a single balance for each GL account as at 31/03/2016.