Advertisement

Year-End Processes

  • Riaz Ahmed
Chapter

Abstract

The year-end process consists of two options: temporary and permanent. The temporary year-end process performs two actions: first, it generates the next fiscal year, and then it transfers the balances of accounts from the closing year to the new fiscal year. When you select this option from the Closing menu, the system asks you to provide a profit and loss account from the chart of accounts (COA), which is used to transfer the difference of revenues and expenses.

Copyright information

© Riaz Ahmed 2019

Authors and Affiliations

  • Riaz Ahmed
    • 1
  1. 1.KarachiPakistan

Personalised recommendations