2.0. YEC Preparation

System Permission / System Rights

Please check with your system administrator if you do not have permissions to access these modules.

You are required to have access to the following modules.

1. A/C Setting Module
2. Year End Closing Module
3. Profit & Loss Module
4. Balance Sheet Module
5. Journal Entry Module

STEPS:

1. Go to MAINTENANCE Activity
2. Click ACCESS CONTROL Module
3. Select Roles (Cross Company) 
4. Choose the 5 modules display on the top left modules
   A/C Setting Module
   Year End Closing Module
   Profit & Loss Module
   Balance Sheet Module
   Journal Entry Module
5. Give full Access by select All, display on the bottom left module

---

Change the financial status to Finalising

STEPS:

1. Before we can work finalizing the account, we must first let the system know we are working on it. 
2. Click SETUP Activity
   
3. Click ACCOUNTS Module
   
4. Select A/C Setting
5. Click EDIT
6. Go to Financial Periods
   
7. Select the year for Financial Year period for closing, display on the middle right module
   
8. Change the status from Open to Finalising
   Choose the Finalising to enable the period to run the year end closing.
   Note: If you choose the Finalising you will not be able to create new transaction except Journal Entry
9. Click SAVE
   

• Related Articles

• 7.0. YEC Complete

  Final step to change the financial status to Close STEPS: Click on EDIT, display on the left bottom module Change Financial Period's status from 'Finalising' to 'Close', display on the right bottom module Click SAVE, display on the left bottom module ...

• 2.0. Accounting Lock Type Control Setup

  Accounting Lock Type Control STEPS: Click SETUP activity Click ACCOUNTS Click A/C SETTING module Click EDIT To understand, first you have to understand that every accounting document (e.g. sales invoices) has two dates. Transaction Date – date of the ...

• 1.0. YEC Quick Overview

  YEC Preparation The main purpose of Year End Closing process is to move the Profit/Loss amount incurred over the Financial Year (stored in Expense, Cost & Income accounts) to the Retained Earnings account. Ensure that all previous Financial Periods ...

• 1.0. Company Setup

  This document outlines essential company setup procedures within the software, covering company information entry (address, contact details, financial settings like accounting currency and default accounts, and GST registration), financial period ...

• 3.0. YEC Verify

  Select the year end closing period STEPS: Go to ADJUSTMENT Activity Click on CLOSINGS Module Select YEAR END CLOSING Select the Financial Period for closing, display on the top left module Note that the period for the closing available because we ...