The Close Fiscal Year page allows you to preview closing years and to close the company accounts for a certain fiscal year.

 

To preview closing, all you need to do is to select the Year you want to preview its closing and click on . You can also include adjustment vouchers by checking in the  checkbox.

 

To close a fiscal year, all you need to do is to select the Year you want to close then click. Accordingly, all the closing accounts transactions will be listed. Note that the closing accounts can be defined in the Close Fiscal Year Setup page. If you wish to view the detailed vouchers for each closing account transaction, simply click on the closing account you want to inquire about. This will generate a detailed list of vouchers and the Total Debit and Credit amounts in the local currency.

 

Note that in order to successfully close a fiscal year, the following criteria needs to be fulfilled:

 

• The previous fiscal year need to be closed;
• All transactions within the selected fiscal year need to be posted;
• All periods within the selected fiscal year need to be closed.

 

 

 

Related Topics

Close Fiscal Year