The GC system is built on an accounting module, making the closing of each fiscal year essential for determining results and closing accounts.
The year-end closing finalizes the balances for the current year and carries them forward to the next year.
🧾 When and how to close the fiscal year?
Once all entries for the year are completed, and before generating analytical reports, you should close the year at:
Accounting > Year-End Closing > Close Year
🔄 Reopening a fiscal year
If you need to make corrections or enter new transactions after closing, you can reopen the year via:
Accounting > Year-End Closing > Undo Closing
📋 Check closed fiscal years
To check which fiscal years are already closed, go to:
Accounting > Year-End Closing > View Closures
⚠️ Note: It is not possible to post documents in closed years.
✅ Important tip:
It is important and mandatory for some reports to close the fiscal year before performing any account analysis.