Year-End Closing Errors
Most critical annual process. Errors carry forward to all future years.
Aspel COI: Annual Year-End Closing Errors
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Why won't COI close the year?
Draft entries, unbalanced trial balance, unclosed monthly periods, or unconfigured result account.
Difference between monthly and annual close?
Monthly close locks that month. Annual close also zeros income/expense accounts and transfers result to equity.
Can I reverse?
Yes. Processes > Reopen Year. Back up first.