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Monthly and Yearly Processing

Debtors and creditors can be rolled over independently and specific period types for each module selected individually.  Debtor and creditor (if appropriate) statements must be printed before the roll over is processed.

A yearly roll-over process is performed on the General Ledger to roll-over the ledger budgets.  Ledger periods are closed to journal postings by selecting an option in the setup record. The General Ledger allows posting to two open years, and year 1 must be rolled before posting to year 3 can proceed. A new year is initialised before it can be posted to.

An Application Roll Over is also done once a year, usually in the first week of the new financial year to update sales figures in Inventory and Debtors maintenance forms

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Period Roll-Over

ReCalc Balances Only

General Ledger

Period Closure

New Financial Year

End of Year Roll-Over

Requirements for Roll-Over

Roll-Over General Ledger

Roll-Over Application