What it's forGive the auditor and AGM what they need, and lock the year so later corrections go into the next one.
Who it's forAccounts officers, administrators and auditors (read-only).
Step by step
- Step 1: Open Year endFinance › Year end. The Year defaults to last financial year.
- Step 2: Check the statementsFor each fund: a Balanced or Out of balance badge, Income and expenditure, the Balance sheet and the Trial balance.
- Step 3: Print and exportPrint the statements for the AGM pack. Audit pack (CSV) downloads the trial balance, lot ledger, receipts and arrears at year end.
- Step 4: Close the yearAfter the year has ended and both funds balance, press Close {year} and confirm. Corrections after that go into the next year.
Common problems
“Both funds' trial balances must balance before the year can be closed.”
Find the out-of-balance fund in the trial balance and correct it with an adjustment, then try again.
Previous and next follow the Finance section.