Closing the Fiscal Year
Once all fiscal periods within the fiscal year are closed, the Fiscal Year record is automatically marked as closed.
Note: New batches cannot be created in closed fiscal years.
The Closed status is reflected on the Overview tab of the Fiscal Year record.
Note: Once a fiscal year is closed, it cannot be re-opened.
Best Practices After Closing the Fiscal Year
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Run the Accounting Ledger Summary report for the whole year. This report is located in the Accounting App > Reports feature.
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Create your next fiscal year and divide that year into the appropriate fiscal periods. See article on: Setting up a Fiscal Year for more details.