Year-end

The Year-end menu holds functions for creating posts at the close of the fiscal year:

1. Postingby templates

Shown here are thetemplates for automatic posting of the Y - Year-end type. Examples include:

• Close classes 4 and 7- it creates a journal entry for closing of the account classes 4 and 7,
• (until 31st Dec, 2001) Revaluation of capital- revaluation (indexation) of capital with cost-of-living factors,
• (until 31st Dec, 2001) Result of revaluation

All predefined templates for automatic posting are for illustrative purposes only. Check with your accounting department before using them as-is!

2. Year-end

This funcation creates a closing entry for the past fiscal year and an opening entry for the new fiscal year