Before starting the financial year-end process, certain tasks must be finalised. Once you have received the audited financial statements and audit journals, you may proceed.

Finance > General Ledger > Financial Year-End

How do I perform the year-end?

1. Finalise all transactions and receive the audited financial statements.

2. Post the audit journals.

3. Allocate the net profit or loss to the appropriate equity accounts.

4. Close the financial year.

Frequently asked questions

Can the year-end process be undone?

No. Ensure all information is correct before closing the financial year.