You should review the following settings before you close the fiscal year because you cannot change some of these settings after you have started the year-end closing processes.

1. Click General ledger> Chart of accounts. For each account that could be subject to adjustments, verify that you have entered the correct option in the Closefield. This field determines which field in the ( Totalsfield group in the Closing sheet form that account balance adjustments are displayed in.

2. Click General ledger> Setup> Parameters , and verify the fields on the Ledgertab under the Fiscal year closefield group heading.

   Note
   The Delete close-of-year transactions during transferfield might be cleared during the closing process.

For more information about other fields in the Parameters form, see General ledger parameters (form).