Month-End

Use the following workflows to guide you through Month-End.

1. Consult the Month-End Checklist throughout the process to ensure that you complete all required steps.
2. Lock the month to prevent any additional transactions from being entered.
3. Change the default month so that any transactions entered will default to the new accounting month.
4. Generate month-end journal entries.
5. Run reports as recommended in the Supporting the Month-End Journal Entry article.
6. Run month-end reports to verify the figures on your month-end journal entries.
7. Close the accounting month. You can reopen the month if any adjustments are needed.
8. Optionally finalize the month to prevent any additional actions from being performed.
   Note: Finalizing an accounting month is irreversible.
9. When all accounting months in a year have been closed, close the year.