Home » Categories » Solutions by Business Process » Finance » Nominal and Cashbook

Close Previous Year - Nominal

Datafile Software

Close Previous Year - Nominal

As discussed previously the nominal ledger (and cashbook) covers two financial years – a current year and a previous year. You close the previous year once all postings and reports have been completed for that year, typically as you send the accounts of to your auditor or after they have sent you the adjustments to make.

To give an example – if your current financial year is 01/01/2006 to the 31/12/2006 then when you close the previous year you are closing the year up to 31/12/2005.

Reply ‘Yes’ to close the previous year when you select this option, ‘No’ to leave the year open.

Custom Fields
  • Release ID: Standard
Attachments Attachments
There are no attachments for this article.
Related Articles RSS Feed
PERIODS – Comparative Input for Periods - Nominal
Viewed 1080 times since Wed, Jun 27, 2012
Increased Nominal Account Name Size
Viewed 2629 times since Fri, Jun 8, 2012
Delete an Account - Cashbook
Viewed 2529 times since Wed, Jun 27, 2012
Receipt Totals Analysis, Payment Totals Analysis
Viewed 1801 times since Wed, Jun 27, 2012
Account Mandatory - Nominal - Database Profiles
Viewed 1649 times since Thu, Jun 28, 2012
Maintain Accounts - Nominal
Viewed 1661 times since Wed, Jun 27, 2012
System Status - Nominal - Application User Facilities
Viewed 1550 times since Thu, Jun 28, 2012
Account Cash Book - Nominal - Database Profiles
Viewed 1722 times since Thu, Jun 28, 2012
Journals - Nominal
Viewed 2113 times since Wed, Jun 27, 2012
System Profiles Screen 3 - Cashbook
Viewed 1645 times since Thu, Jun 28, 2012