End of Year Document

Introduction



Introduction



Overview

This window is used to generate the year-end profit transfer

Business Case

This window calculates the year of total debit & credit amount and posted to the profit & loss account.Tabs



End of year Document



Critical Fields:

1. Name: use this field to write up the document reference.2. Profit Transfer Account: Select the Profit transfer account element.3. Retained Earnings Account: Select the Profit/loss account element.

Critical & one-time setup fields:

1. Organization: This field is used to select the organization

Non-Critical Fields:

Serial number/Lot number (ASI):

Zoom conditions:

Customization:

Year



Year: The system will populate the current year total debit and total credit amount.Journals



The system will populate the journal documents as a reference for the current year.Process



Process



Year-End Process: This process will help you to generate the journal for the current year one time.Video