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Close the financial year

Post the closing entry and lock the year's periods.

  1. Make sure every invoice, receipt, payment and adjustment for the year is posted, and the trial balance is right.
  2. Create next year in General Ledger → Fiscal Years → New Fiscal Year.
  3. Open the year to close and click "Close fiscal year". A year-end closing entry is posted and all its periods are locked.
  4. Set the new year as current with "Set current".

Last updated: 2026-10-11

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