After Creating a New Year
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Define and print a source journal that lists only the entries associated with the closing source code, GL-CL.
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Print and clear the Batch Status report, selecting all statuses.
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Print the opening balance sheet and other reports you need to start your records for the new fiscal year.
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Delete inactive accounts.
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Delete outdated transaction detail.
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Delete outdated fiscal sets.
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Reset batch numbers to 1.
Note that all Period End Maintenance activities are optional, and can be done at any time.