Before you close the year, make sure all tasks are completed in the other modules and you printed all necessary year-end reports. All modules, including Controller, must be closed before you can close the year.

In General Ledger, select Period End > Close the Company’s Fiscal Year (Business product) or Close the Organization’s Fiscal Year (Fund product) from the left navigation pane. Enter the Retained Earnings Account for the company (Business product only). Click OK to roll the fiscal calender to the next year.