Revised: 10/19/2015
Go to Utilities>>End Year Process
Please review the How to Close a Fiscal Year documentation prior to ending your fiscal year.
This utility process will close the selected fiscal year, create a New Accounting Period for the new fiscal year unless it already exists, move all profit and loss balances to the indicated closing account and bring all balance sheet accounts balances forward. The process will also rebuild the next accounting period(s).
Click the Close Year button after entering selection criteria to begin the process of closing the entire fiscal year or the segment you have selected.
The process will be halted and an error message displayed if the fiscal year needs rebuilt or if there are extended periods in the Accounting Period Master.
A fiscal year may be reopened by removing the checkmark from one or more periods in the Accounting Period Master.
If a fiscal year is reopened, the End of Year Processing program will need to be run again.
Select the year/segment you will be closing from the drop down list. Segment may also be used to select the accounting period to close.
For example: 2012
If you select a previously closed year/segment from the list, you will need to re-close all years/segments up to but not including the current fiscal year.
Select the year/segment to close unless already displayed.
If there is only one accounting period per fiscal year, then MASTER CONTROL will be displayed
If "Using Segment Controlled Accounting Periods" is checked but "Segments Can be in Different Accounting Years" is unchecked in General Ledger Settings, users have the option of closing all of the periods together by selecting the MASTER CONTROL segment or periods may be closed individually by selecting each period.
If both "Using Segment Controlled Accounting Periods" and "Segments Can be in Different Accounting Years" are checked in General Ledger Settings, users will only have the option to close each segment individually.
Select one of the following Closing Modes or leave at the default Standard Close.
Standard Close
Close Year - Leave Open (will not lock accounting periods)
Create Next Year Only