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