opfware.blogg.se - Run year end and create new year on pastel

If this option is set to No, only the Opening transaction is created in the next fiscal year to transfer the balances. If this option is set to Yes, both the Opening transaction and Closing transaction is created. The Create closing transactions during transfer option is used to create Closing transactions in the fiscal year being closed in order to bring the balances of the profit and loss accounts to zero.If this option is set to No, the previous Opening transaction remains and an additional Opening transaction is created to move the balances forward from adjusting transactions posted after the previous year-end close. If this option is set to Yes, the previous Opening transaction is deleted and a new Opening transaction is created based on the current balances.

The Delete close of year transactions option is used to specify whether the system-generated Opening transaction from a previous year-end close should be deleted when the year-end close is run again.

On the General ledger parameters page under Fiscal year close: