Preliminary Year End IL

[Handle IL Year End Settlements]

Usage

Use this window to do a preliminary transfer of the closing balance in the internal ledger from one accounting year to the opening balance for the next accounting year. A preliminary closing 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. This occurs in Accounting Periods.

Activity Diagrams

Handle IL Year End Settlements

Activities

Transfer Preliminary Balances