---
title: "GL Year Maintenance"
canonical: "https://kb.myframeworks.com.au/space/FRAM/28403940/GL%20Year%20Maintenance"
format: markdown
---
> ⚠️ **Pre-requisites**
> ⚠️ 
> ⚠️ 1. Ensure you have taken a backup of your database before performing the Year End.
> ⚠️ 2. Ensure you have completed all transactions for the year prior to completing GL Year Maintenance.

GL Year Maintenance closes off the current accounting year, the program will: 

1. Take all of the Revenue Account items and transfers them to the Profit and Loss account (the profit and loss account is defined in Company Maintenance).

2. Clear out the Revenue Accounts for the new year.

3. Roll all of the Balance Sheet items over to the new year.

To perform the General Ledger year maintenance, from the home **Dashboard** perform the following:

1. Select **G/L Year Maintenance **from within the **General Ledger - Maintenance **navigation tree.

2. The following screen is displayed:

![image](media://05aecce0-f079-4161-8a05-cdc5940c4443)

3. Select the company using the drop-down button or select **Find**.

![image](media://10423c70-5084-4e3c-8f2e-25483d12fdfe)

4. You are presented with a list of the years. Click on the hyperlink to open the year.

![image](media://7bd439a8-761b-4539-a16b-60ca214eeefc)

5. You are presented with the following screen:

![image](media://52ad9489-2902-4269-af16-09a9edfdab42)

6. To create a new financial year, select the **Create New Financial Year** button.

7. A new year will be created and all dates, days and months will be automatically populated.

![image](media://ace798e7-defe-49e5-9263-e0ad8db0967c)

8. Select the **Save** button to save.