Preliminary Year End

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Usage

Use this window to do a preliminary transfer of the closing balance from one accounting year to the opening balance for the next accounting year per ledger. A preliminary opening balance can be transferred to the next accounting year an unlimited number of times. When a balance amount is zero (0), it is not transferred to the new balance. The preliminary transfer updates period zero (0) for the new accounting year. When Preliminary Year End is run for a particular year and ledger, the closing balances of that year will be changed to Preliminary status and opening balances of the next year will be changed to Preliminary status for the selected ledger. These changes occur in Accounting Periods.

Activity Diagrams

Handle Year End Settlements

Activities

Transfer Preliminary Balances