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New Financial Year

Hi Team,

Before entering new financial year, what are all the things we have to do??

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4 Answers

  • Feb 17, 2017 at 09:26 AM

    Hi,

    1. Locked your previous posting period

    2. Run year end closing procedure if not done before.

    3. Add new financial period.

    Regards,

    Nagarajan

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  • Feb 21, 2017 at 10:20 AM

    Hi,

    1) I have done year end closing procedure, before entering this financial year....this has to be done every year right???

    2) Already planned for posting period & document numbering..

    3) Is there anything we have to do except the above points?????

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  • Feb 21, 2017 at 01:39 PM

    If you follow year end closing procedure, then other points.

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  • Feb 23, 2017 at 01:20 PM

    Hi,

    It is enough four you, if you don't use fixed asset module.

    if you use fixed asset, you need to do fiscal year change to transfers all the asset depreciations and balances from the current fiscal year to the new fiscal year.

    Regards,

    Rizki

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