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Function documentationPeriod-End Closing Locate this document in the navigation structure

 

Period-end closing entails creating specific postings in the accounting system indicating that a fiscal year or posting period has ended.

You can transfer previous profit and loss G/L account balances from one fiscal year or period to another. You can also transfer the balance sheet account balances from one fiscal year or period to another in the following local versions of the software: Italy, Spain, France, and Portugal.