---
title: "Year End in the General Ledger"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31098145/Year%20End%20in%20the%20General%20Ledger"
format: markdown
---
> ✅ > Macro (legacy-content)

> ℹ️ **This option is used to close off the current accounting year.**
> ℹ️ 
> ℹ️ The program will:
> ℹ️ 
> ℹ️ - 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)
> ℹ️ 
> ℹ️ - clear out the Revenue Accounts for the new year
> ℹ️ 
> ℹ️ - roll all of the Balance Sheet items over to the new year
> ℹ️ 
> ℹ️ 
> ℹ️ > Macro (legacy-content)
> ℹ️ 
> ℹ️ 
> ℹ️ Please note that it is not currently possible in ProStix to use a thirteenth period for end-of-year accruals.
> ℹ️ 
> ℹ️ **Steps:**
> ℹ️ 
> ℹ️ 1. From the **'Main Menu'** select options - **'General Ledger' - 'Year End'**.
> ℹ️ 
> ℹ️ ***     P & L Account:***  this is the Profit and Loss Account number and cannot be changed through this program.
> ℹ️ 
> ℹ️      Check that the number is correct and proceed.
> ℹ️ 
> ℹ️ ***     Current Year:***  this is the current accounting year and cannot be modified through this program.
> ℹ️ 
> ℹ️      Make sure that the year is correct and proceed.
> ℹ️ 
> ℹ️ ***     New Year:***  this is the new accounting year and cannot be modified through this program.
> ℹ️ 
> ℹ️      Make sure that the year is correct and proceed.
> ℹ️ 
> ℹ️ ***     Interim Close:***  it is possible to perform an interim close on the current accounting year if required.
> ℹ️ 
> ℹ️      This may be necessary to process accruals and adjustments before the financial period is finalised.
> ℹ️ 
> ℹ️      If 'yes', the program will roll the balances forward but keep the old year open for further inclusions. If more postings are made to the previous financial year, another interim (or final) close will need to be run again for the balances to be carried forward again.
> ℹ️ 
> ℹ️      If 'no, the program will perform the final close.  **You can perform multiple interim closes but only one final close**.
> ℹ️ 
> ℹ️ 2. The program will check for any unposted batches and display them on the screen.  Press the <Space-Bar> to continue or press/click <F4> (Exit) to end the program.  If you choose to continue, the print options available for the General Ledger Year End Trial Balance will appear on the screen.
> ℹ️ 
> ℹ️ 3. After selecting the required print option, the message *'. . . General Ledger Year End in progress please wait . . .'* will appear on the bottom of the screen.  If this was an interim close, the program will roll the balances forward but keep the old year open.  If this was a final close, the program will roll the balances forward and completely close the current accounting year, stopping any further transactions from being posted to it.