SIM Business Package Year 2000 Procedures
November 2, 2000
Addendum 2
As our treasurers are running the Y2K year-end procedure, we have gotten one common question from many offices. It concerns a manual operational step which was omitted in the written procedure. No software failures have been
reported to date.
The problem:
After running the Y2K Year-End closing routine, the treasurer needs to do a post-closing distribution batch to allocate the retained earnings to the appropriate accounts. But the attempt to enter a new batch with transaction date of 30-Sep-00 causes an error message that the date is out of range. This is because the Year-End routine has reset the accounting period dates to the "real" dates for the 1999-2000 year, but the known behavior of the software is to incorrectly interpret the date in this case.
The solution: After running the Y2K Year-End routine, manually change the accounting period starting and ending dates for the perionds in 1999 to 01-Jan-00. You may now post the post-closing distribution batch.
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