Navigating the form

General tab

Enter information to be used for transferring opening transactions to a new fiscal year.

Dimension tab

Enter or view the dimension values.

Batch

Refer to Prepare batch processing on the Batch tab.

OK

Transfers opening transactions to a new fiscal year and closes the form.

Cancel

Closes the form without saving changes.

Delete close-of-year transactions during transfer

Displays a check mark if you selected the Delete close-of-year transactions during transferoption in the Parametersform.

Create closing transactions during transfer

Displays a check mark if you selected the Create closing transactions during transferoption in the Parametersform.

Set period status to year closed

Displays a check mark if you selected the Set period status to year closedoption in the Parametersform.

End date

The closing date in the previous fiscal year.

Transaction date

The posting date when the company gains knowledge of the transaction. This field is available only when the Italy country/region key is selected and the Transaction date reference to competence datefield is selected in the General ledger parametersform.

Balance accounts

Select the transfer method:

• Reset– Reset the balance accounts and manually enter the opening balances for the balance accounts.

• Closing->Opening– Continue with the balance accounts and make the opening transactions.

Account for transfer of year-end result

Displays the ledger account that the yearly profit and loss activity net amount will be posted to.

This field is automatically updated with information from the System accounts form, but can be edited.

Voucher number

The voucher number that is allocated to the opening transactions. This is mandatory if the Voucher number must be filled incheck box is selected in the Parameters form.

Print created transactions

Select this check box to print a list of the created opening transactions.

Transfer financial dimensions

Select this check box to include financial dimensions on the opening transactions that are generated for the balance sheet accounts.

Department

Select the department dimension that the profit and loss transactions are closed to.

Cost center

Select the cost center dimension that the profit and loss transactions are closed to.

Purpose

Select the purpose dimension that the profit and loss transactions are closed to.

Close all

Select the check box to close the profit and loss transactions to the dimension codes for each dimension, based on what was posted in each transaction.