Account closure is actually carried out during a universal evaluation. This means that processing is determined in the processing schedule of each fund.

You close accounts at the following times:

• At the end of the year
• When an insured person leaves the company
• When an insured person retires from the company

To run the report, choose (in the function view), PF Functions Mass Processes –> Account Closure, in the PF Administration screen.

 You can run a test report by selecting the Test mode option. In this case, no postings are written to the accounts.