No other options should be running whilst the year end option is being run.
Take a backup of the N/L before running the option.
Ensure all year end procedures have been run for all subsidiary modules e.g. Accounts Receivable, Accounts Payable, before continuing.
Ensure all un-posted journals have been posted, Unlike Period End it is not possible to have un-posted journals on file.
Ensure that the adjustment period is closed.
For multi-currency systems, revalue your transactions within the Revaluation Control option.
Spool the Journal Audit Trail.
Spool the Detail Trial Balance.
Ensure the following reports are also run ; Summary Trial Balance, Journal Listing, End of Year, Trading Profit & Loss, and Balance Sheet reports, via the Special Reports programs.
If necessary run the Transaction Archiving option.
Make sure that the totals of all profit and loss accounts and all the balance sheet accounts are zero. This means that you must transfer the total profit and loss figure to the balance sheet "profit and loss account". Create a special "year end profit and loss account", if it has not already been created. Enter and post a two line journal using the "year end" profit and loss account and the balance sheet "profit and loss account" to offset the total profit and loss figure.
You should now be ready to proceed with the year end.
IF YOU HAVE ANY DOUBTS REGARDING THE ABOVE INSTRUCTIONS, OR YOUR ABILITY TO COMPLETE THE TASK – CONTACT YOUR RESELLER