How to do Year-end process in AccountsEasy on cloud (TrueBooks)
Purpose:
This document serves as a guide to performing the year-end process in AccountsEasy on TruePOS Cloud. If you have any backlog entries, complete them before proceeding with the year-end process.
The closing balance of the previous financial year will be carried forward as the opening balance for the next financial year.
Prerequisites: Verify and complete any pending entries before initiating the year-end process.
Steps to Perform Year-End Process:
Step 1: Go to the Finance and Accounts module. Under the Tools option, select Year-End Process.
Step 2: Select the location. Press Enter or Tab on your keyboard, then choose All or a specific location.
Step 3: Press Enter on your keyboard to select the closing transaction year. The next financial year-begin date will be set automatically.
Step 4: Select the Profit & Loss Ledger by pressing Enter or Tab on your keyboard, then choose the ledger to carry forward balances.
Step 5: Enable Force Year End (Y/N). If YES, confirm in the pop-up to carry forward closing balances of customers, suppliers, and the like as opening balances for the new year.
Step 6: Click Run Year End to finalize the process. A confirmation message appears, indicating the successful transition to the new financial year.
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