| # Close Year (tfgld6203m000) Use this session to close a fiscal year so that the data of that year can be used to determine the final opening balance sheet for the new fiscal year. The Close Year (tfgld6203m000) session performs the following checks: No non-finalized batches exist for the year that you close The Automatic Balancing of Profit and Loss Accounts (tfgld6202m000) was successfully completed All the periods have the Finally Closed status Process LN executes the following steps: create the opening balances for the new year change the current fiscal year to the next year When a year is closed, no further financial transactions can be entered or modified for that year. Related topics Year-end processing Archiving finalized transactions Company The current company number for which the session is carried out. Current Fiscal Year The current fiscal year. Next Fiscal Year The next fiscal year. Transaction Type Enter a transaction type of the type Opening Balance, to create opening balances for the next fiscal year. Allowed values Select a transaction type of the type Opening Balance. Transaction Type The description of the transaction type. Statutory document The document number of the statutory opening balance. Default value The first free document number. Complementary document The document number for the complementary opening balance. Default value The first free document number. Transaction Entry Date The transaction date. Usually, this date matches with the document date. Default value The current date. Document Date The document date. Default value The current date. The date on which the document is created for the final amounts of the current year transferred to the opening balance of the new fiscal year. Fiscal Period The fiscal period for which you want to close the fiscal year. Default value The fiscal period based on the entered transaction date. Reporting Period The reporting period for which you want to close the fiscal year. Default value The reporting period based on the entered transaction date. Tax Period The tax year for which you want to close the fiscal year. Tax Period The tax period for which you want to close the fiscal year. Transaction Reference The reference linked to all the transaction lines. Batch Reference The batch reference. |