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Closing the year |
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Welcome to the Year-End Closing Guided Tour Closing the year in Clients & Profits is extremely important and should be done sometime after the end of your fiscal year. Since both Clients & Profits Classic 3.x (and above) and Clients & Profits Pro 3.x (and above) support two simultaneous fiscal years, there's no real urgency about year-end closing. The year can be closed well into the next fiscal year. In Clients & Profits
Classic, for example, you have a total of 15 accounting periods.
This allows you to work in your new fiscal year three months, before
needing to close the prior year. And since Clients
& Profits Pro supports 24 accounting periods, you can work
for almost the entire new year before closing the previous year. This 20-minute Guided Tour illustrates the steps you need to do to close your accounting year:
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