Use this procedure to:
Create postings in the accounting system when a fiscal year or posting period ends
Transfer previous G/L account balances from one fiscal year or period to another, for accounts defined as assets, liabilities, or equity
From the SAP Business One Main Menu, choose
.In the displayed Period End-Closing Selection Criteria Window choose the required criteria.
To define additional settings, choose Settings.
Choose Execute.
In the displayed Period-End Closing Window choose the required criteria.
To save the report as a draft, choose Save.
To display the draft, choose Previous Report in the Period-End Closing window.
To create the accounting postings for all the accounts that have been selected for closure, choose Execute.
Note
If you defined the projects for the selected accounts in the Chart of Accounts window, the project codes appear in the corresponding journal entry rows.