How to Restore an Archived Transaction back to the Previous Year
To restore an archived transaction back to the previous year, follow these steps:
- Select Archive > Sales or Purchases > Audit Trial.
- Find and select the Sys Ref transaction you need to restore/reverse.
- Press the Restore button (make sure to restore all allocated transactions, and not just the transaction you need to reverse).
- Once restored, you will find the transaction within the previous year's audit trail, ready for you to de-allocate/reverse.
The restore function only works for transactions which are within the previous financial year.
How do I post an invoice credit note in the previous year?
A user can post sales transactions in the previous year by going to Previous Year Menu > Purchases > Postings. Every time a transaction is posted in the previous year, the Update Opening Entries option under the Previous Year menu is enabled, and the ...
How do I update the opening balances after posting in the previous year?
After the end of year run, SFM provides the option to authorised users to keep on posting into the Previous Year for the next 12 months. When users post in the previous year, SFM will trap this and makes available a function, 'Update Opening ...
How do I process an End Of Year in SFM?
Overview SFM allows posting into two financial years simultaneously. This means that users do not need to finalise 2021 before starting to post entries into 2022. The end of year procedure will move the “Current Year” data into the "Previous Year". ...
How to run the SIMS Archive process
The SIMS Archive function reduces the size of the data store in Live by splitting the same data set in a different database, within the same company. This process improves the SIMS performance as it compacts the Live data set. Users can then access ...
Do I need to Process an End-of-Year in SIMS?
SIMS does not require an end of year procedures to be run. However, SIMS controls users to only allow posting of transactions, such as sales invoices, cash sales, adjustments and purchases, within a range of dates referred to as the Posting Period. ...