Year End Closing / Post
Post the year end closing module
Location
Adjustment > Closings > Year End Closing
Action
> Click on POST
> Click on YES
Remark
Note that the system has calculated the amount to b/f to Balance Sheet at “Total (Current Period)” and the “Total (Previous Period)” should be zero if have closed the previous year properly. Otherwise you can post together with current period by ticking on “Post Previous Period Also”(Please check with your accountant before doing this step because it will affect your current year end result included previous year value)
Print out the posted report
Location
Adjustment > Closings > Year End Closing
Action
> Click on PRINT CLOSING REPORT
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