WorkBook

Create Period Closures in Financial Years

Use Month / Year Closure in Month-End to create period closures in selected financial years.

To use Month/Year Closure in the Month-End submodule, you must have access to Finance & Administration as defined in User Access Rights under Settings.

To create a period closure for a financial year:

  1. On the main toolbar, click Finance & Administration .
  2. If you have more than one Company in your WorkBook system, use the drop-down list above the left pane of the Finance & Administration page to select the Company for which you want to create a financial year period closure.
  3. In the left pane of the Finance & Administration page, click Month-End > Month / Year Closure.
  4. On the grid toolbar, use the drop-down list to select the financial year for which you want to create a period closure.
  5. Click Make Closure .
  6. In the Financial Year Ending dialog box, enter or select the appropriate options from the corresponding drop-down lists and click Create Period Closure.
  7. In the confirmation dialog box, click OK.