Closing a fiscal year

To close a fiscal year, click the Close fiscal year button on the Company/fiscal years form. The Closed fiscal year check box is now selected in the Company/fiscal year details pane. It is not possible to change this check box manually. To reopen a closed fiscal year, click the same button -- it is called Open fiscal year if you select a line with a closed fiscal year.

Note: To be able to close a fiscal year, the previous fiscal year must be closed. A closed fiscal year can be reopened only if it is the last closed fiscal year. To close or open fiscal years further back in time, you have to change the settings of more recent fiscal years first.