Closing Fiscal Year

ajayjain

Hi,

Can you please tell me, what should I do to close fiscal year.
Just go into Accounting period and close the year and close income statement. do i need to do something else.


cheers

ajay jain
ajayjain1001@hotmail.com
UK

Sbhat

Hi,

You just go to General Ledger--->Accounting period, click on the Close Year command button and you close the Accounting period. Keep in mind once you close the Accounting period you cannot use the period for any calculation purpose.

Regards
Suresh.