Close Financial Period

Welcome to AlignBooks. We are happy to have you on board. In this help studio tutorial, we will explore the “Close Financial Period” option.
Before we begin, let us understand about the need of Close Financial Period and the usage of this particular activity.
You will be required to close the books of accounts at the time for each financial year end and pass closing entries to carry forward the surplus/deficit to the next financial year. Alignbooks assists you to automize the process and pass closing voucher entry for transferring the Surplus/deficit amount directly to Reserve and Surplus for each location automatically with a single click.
You can edit an already created set of information with required authorization. 
We will be going through the each of these set of information in detail.
Close Financial Period

Select Financial Period

: Select the relevant financial period from the drop down list for which you want to close the financial period.

Close Financial Period

: Click button to close the financial period. All closing entries will be passed by the system.
Exit :   Click or   button to exit from the Voucher without updating any values.
We hope you enjoyed this tutorial. Please give us a call for further help.  Happy Aligning!