PSA L&P - Last Fiscal Period: Close the year

End of year

During the 12th month of your fiscal year, you will run the end-of-year process found under Process → End of Year.

The system will prevent you from running End of Month in the 12th month of your fiscal year.

You will need to provide a Net Asset account per Entity in your system for the Income and Expense to wash to during this process.  If you are missing a Net Asset account link the process will return an error.

Below is a link to an article on this process.
How to close the Fiscal Year







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