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we are using IFS9

what is the required steps to  close the revenue/ cost accounts and transfer the balances to the next year.

example

the auditors already reviewed 2020 and i closed the accounting periods from 0 to 12.

0 in the opening balance which transferred from the previous year. 

what is the required steps one by one

 

hi @Nagah.khaled,

Refer below mentioned steps.

  1. Go to Posting control & setup posting type GP8
  2. Go to Accounting period window & create period 13 with period type ‘Year Closing’ & connect user group. Refer below screen preview

 

  1. GO to clear Revenue Cost balances & add accounting year, period & other details. THen select OK. Refer below screen preview
  1. Then you should get message saying voucher created. Refer below screen preview

 

Best regards

Narmada

many thanks

now i want to transfer the balances from 2020 to 2021?

shall i use preliminary Year End GL  or something else ?

hi @Nagah.khaled,

yes, update the created voucher into GL & perform Preliminary year end.

BR/Narmada

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