Main account closing options

Completed

It is important to define closing processes for the main account and how balances are distributed at the time of closing.

General ledger > Chart of accounts > Accounts > Main accounts

Field to transfer balance on closing sheet

In the Field to transfer balance on closing sheet drop-down menu, select how balances should be transferred to the closing sheet during the closing process.

  • Blank – Leave the field blank to transfer the balance to the Difference field.
  • Result – Select this option to update operating accounts.
  • Balance – Select this option for balance accounts.
  • Capital – Select this option for accounts related to cash flow forecasts and revaluation.