Create Period Closures in Financial Years

Use the Month / year closure submodule to create period closures in selected financial years.

To use the Month/Year Closure submodule, you must have access to Finance & Administration as defined in the User Access Rights submodule under Settings.

To create a period closure for a financial year:

1. On the main toolbar, click Finance & Administration .
2. If you have more than one company in your system, use the drop-down list above the left pane of the Finance & Administration screen to select the company for which you want to create a financial year period closure.
3. In the left pane of the Finance & Administration screen, click Month-end > Month / year closure.
4. On the grid toolbar, use the drop-down list to select the financial year that you want to create a period closure for.
5. Click Make closure .
6. In the Financial year ending dialog box, enter or select the applicable options from the corresponding drop-down lists and click Create period closure.
7. In the confirmation dialog box, click OK.