GeneralLedgerCS > General Ledger > Period End Tasks menu > GL Close Organization Year window (Fund product only)
GL Close Organization Year window (Fund product only)
Closing the year rolls the fiscal calendar to the new year and compacts the audit trail detail into balance forward amounts for each account.
Run this option after all funds have been closed, all entries and adjustments to the General Ledger have been made, and year-end processing has been completed in all other modules.
The Controller module must be closed before you close the year.
Caution: Always back up your data prior to closing the year in General Ledger.
 
 
Published date: 03/12/2021