How To Do A General Ledger Year End In Spire
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What does a Year End look like in Spire?
Spire carries three open years at any given time:
It is recommended to work within the “This Year” period, so that you have the ability to back date and post date transactions one year back or one year forward. Once you have completed all of your transactions within a given year, you can close that year.
TIP: If you wait until close to the end of “Next Year” to close “Last Year”, it will give the easiest access to past years transactions. Once the end of “Next Year” comes, you will not be able to post until you perform the year end procedure on “Last Year” period.
When a year end is performed, it will move all GL transactions to the historical GL tables and will move the year forward; it will also reset the sales and purchase history year-to-date amounts in customers, vendors and inventory.
How to do a Year End in Spire:
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