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Article ID: 933401 - Last Review: September 10, 2011 - Revision: 4.0
Error message when you try to save a transaction in Microsoft Office Accounting Professional or in Microsoft Office Accounting Express: "The transaction date must be within an open fiscal year"
When you try to save a transaction in Microsoft Office Accounting Professional or in Microsoft Office Accounting Express, you receive the following error message:
The transaction date must be within an open fiscal year. To create a new fiscal year, on the company menu, Click Manage Fiscal Year.
This problem occurs when one of the following conditions is true:
- You try to save a transaction that is in a closed fiscal year.
- You try to save a transaction that is in a fiscal year that has not yet been created.
- You try to save a transaction that is in a fiscal year that is before the company start date.
To resolve this problem, use one of the following methods.
Method 1: Reopen a closed fiscal year
- On the Company menu, click Manage Fiscal Year.
- In the List of Periods of the Mange Fiscal Year dialog box, click the fiscal year that you want to reopen, and then click Open Fiscal Year.
- Click Close.
Method 2: Create a new fiscal year
- On the Company menu, click Mange Fiscal Year.
- In the Mange Fiscal Year dialog box, click New Fiscal Year.
- In the Create Fiscal Year dialog box, enter the fiscal year information, and then click OK.
- Click Close.
Method 3: Edit the start date of the company
- On the Company menu, click Mange Fiscal Year.
- In the Mange Fiscal Year dialog box, click Change Start Date.
- In the Start date field, type the start date of the first fiscal year.
- Click OK.
- Click Yes to create the necessary fiscal years.
- Click Yes again to set the first valid posting date to the new start date.
- Click Close.
APPLIES TO
- Microsoft Office Accounting Professional 2007
- Microsoft Office Accounting Express 2007
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