A specific document type is used for opening and closing fiscal year. That is, using it you can create a closing and opening entry according to available scenarios. The latter are based on settings of Chart of Accounts. Of course, you can change them at will and insert new ones.
When oriiginal posts are transferred to closing and opening entries, they are marked as closed and inactive. They cannot be changed anymore.
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Everything works fine in the next fiscal year if you created closing and opening entries accordingly. |
The window consists of document header and the following tabs:
Document number is displayed in header. In addition, here you can set date as well as opening and closing entries.
| Number |
It is a unique consecutive document number. It is made up according to whether you
set consecutive numbering of documents in the Administration Panel. That is, it is comprised of a two-digit year code, four-digit document type ID and six-digit consecutive number at most. In addition dashes are used to separate units. It is generated automatically and it cannot be changed.
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| Date From |
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Set January 1st, 2007 in Date From field for databases including records of transition to EUR. Otherwise enter any other date marking the start of a fiscal year. |
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| Date To |
Set date marking close of fiscal year. |
| Closure Doc. Type |
Enter or select posting document type, which you can use to post closing balance. You can ONLY post opening balance using this document type. |
| Opening Doc. Type |
Enter or select posting document type, which you can use to post opening balance. You can ONLY post opening balance using this document type. |
| Posting |
Check which types of account to include in closing and opening entries. You can include and close subsidiary accounts, accounts closed using linked documents and general ledger accounts. If you check all, closing and opening entries are created for all accounts simultaneously.
- 1 - Subsidiary Accounts - Check it to create closing and opening entries for accounts marked as subsidiary accounts in the Scenario panel.
- 2 - Linked Document - Check it to create closing and opening entries for accounts that are marked as being closed with linked document in the Scenario panel.
- 3 - General Ledger - Check it to create closing and opening entries for accounts marked as general ledger accounts in the Scenario panel.
Closing and opening entries are created separately for each account type.
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Prepare Clsr./Opng. |
Clicking the button creates closing and opening entries for the selected type of account (that is, subsidiary accounts, those closed in linked document and/or general ledger accounts). |
The following panels are included here: