Month / Year Closure

Use Month / Year Closure under Finance & Administration to view the accounting periods for each financial year that need to be closed. It enables you to close, reverse closures of accounting periods, and cancel financial year closures that are yet to be posted. This is used mostly at year-end to close and post the accounting year and automatically create a journal entry.

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