Can you process the current and old fiscal year and year-end?

Yes. At year-end we activate a special set of "Year-End" e-docs. These documents continue to post to period 12 and 13 (June and Closing for us) of the old fiscal year, while the normal set of e-docs post to the new fiscal year. In essence we have two sets of books open simultaneously. We also take snapshots of key account and organization information at June 30 for year-end reporting purposes.