Generating year end journals

Use this procedure to generate any of these year end journals:
  • Income Statement Closing Journal
  • Balance Sheet Closing Journal
  • Balance Sheet Opening Journal
  1. Select Processing > Reporting Basis > Reporting Basis.
  2. Select the basis that is enabled for year end journals.
  3. In the Basis Year Close section, select the year for which to generate year end journals.
  4. Select Actions > Generate Year End Journals.
  5. Specify this information:
    Accounting Entity
    Select an accounting entity. This field is used to generate year end journals for a single entity. If you select this field, do not select an Accounting Entity Group.
    Accounting Entity Group
    Select an accounting entity group. This field is used to generate year end journals for a group of entities. If you select this field, do not select an Accounting Entity.
    Year End Journal Options
    Select the report or reports to generate.
  6. Click OK.
  7. To view the results, select My Reports > Reporting Basis > Year End Journal Results.