View - Accounting - Period
End
The Accounting year is divided into 13 periods, one for each month and one for year-end allocations. To be able to use automatic entries with VAT return, it is necessary to close each accounting period as they have completed. You can close the period once all expenses and revenues relating to the period have been entered.
Tip! Separate
rules apply when closing periods 3, 6, 9 and 12 because these also mark
the end of a VAT Quarter. When you close one of these periods, the VAT
return will automatically be printed. A wizard takes you through the procedure
for approval of VAT returns.
VAT returns can be printed at any time from the report module.
How to perform period end
Select View - Accounting and Period end.
Select which Period of which Accounting year you want to close.
Click Next.
Click Complete.
Important! When you have selected to
close a period, you lose the opportunity to create, edit or delete journals
for this period. Also be aware that you cannot re-open a closed period.
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