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How do I close the current accounting month?

Updated over 2 months ago

You should close the month at the end of business on the last day of the month. Closing the month advances the month for financial reporting purposes. It also affects users who are not allowed to post in closed months.

To close the current month

Go to Accounting > General Ledger > Close/Open Month.

Click Close Month.

Automated Task

You can set up an automated task for closing the prior month that runs on the first day of each month.

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