The second step in the year end close process is to run the Close Income Statement batch job to transfer the Income Statement account balances.
The first step in the year end closing process is to close the fiscal year. This process manages the periods and dates for fiscal years.
Before you start the Year-End Closing you’ll want to know the answers to the following questions. This will help you prepare for your Year-End Closing steps.
The second step in the year end close process is to run the Close Income Statement batch job to transfer the Income Statement account balances
The first step in the year end closing process is to close the fiscal year. This process manages the periods and dates for fiscal years.
Note: A fiscal year cannot be closed before a new one is created.
Before you start the Year-End Closing you’ll want to know the answers to the following questions. This will help you prepare for your Year-End Closing steps.
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