Month / Year Closure

Use Month / Year Closure in the Month-End submodule in the Finance & Administration module to view the accounting periods that must be closed for each financial year. Month / Year Closure enables you to close, reverse closures of accounting periods, and cancel financial year closures that have not been posted. This is typically used at year end to close and post the accounting year and automatically create a journal entry.

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.