Launch the Period End Closing Tool

This tool can be found at:  Main Menu > Administration > Utilities > Period End Closing

Select all of the General Ledger (GL) accounts that need to be closed by clicking the check box next to each, or by clicking the column header to check them all.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Select the Year of the periods you want to close and selecting the from and to month.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retained Earnings Account: Select the appropriate GL Accounts for ‘Retained Earnings’

 

Period End closing: Select the appropriate GL Account for ‘Period End closing’

Click on Execute to open the Period End.

 

Approve the recommended year end postings by ticking the check box.

 

 

 

Set the due date the same as the posting date to avoid confusion in future.

Once executed again: