It's really important to leave 3 years open instead of two. For instance, Workers' comp and liability insurance doesn't always run in the last calendar year. Example it's 3/28/25 and I'm doing my report for 10/1/23-9/30/24 because the insurance auditors are running be hide. I realized I coded the wrong expense category a 1099 employee. Would be so easy to fix if 3 years where open...!!! This is not acceptable that I can't easily make this change. It doesn't affect any numbers only a shift in expense codes.
Debbie Harris
We have run into the same problem. Our year runs from July 1st through June 30th and sometimes our audits want more information beyond what we can provide. Having (3) years open would be wonderful. Especially when there are accounting errors and we need to update an account that is just out of range of the (2) years.