Close a Month for Ledger
CAUTION: This process alters data. We recommend backing up your data before proceeding.
Before you close, make sure you process the month's reports. Also, if posting is required, you must post all transactions for the month before closing it.
You must close each month to finalize transactions and financial reports for that month.
Note: The last month of the fiscal year is closed when you close the fiscal year.
- On the Transactions tab, click .
- Click Close Month for Ledger.
- To continue the Close Month process, click Yes.
- To complete the process, click OK.
After you close a month, transactions from that month cannot be modified. To change a transaction from a closed period, you must void the transaction, which creates a reversing entry in the current month.