Year-end procedures
The turn of the year connects two financial years without disrupting ongoing operations: periods, presentations and closing entries mesh precisely.
New Year's work
The turn of the year connects two financial years without disrupting ongoing operations: periods, presentations and closing entries mesh precisely.
Why this point is crucial for key users
A professional New Year's Eve is not a single switch. It is a controlled handover: the old year remains traceable, while the new year becomes operational with correct initial values.
How to prepare for the process safely
- Create the new year and create the required accounting periods in a logical order.
- Check open periods, unresolved postings and subledger balances.
- Record and review closing entries; Only block periods after technical approval.
Check before sharing
- The new year contains complete periods with correct assignment to calendar months.
- Carryforward balances match the released final balances.
- Closing and opening periods as well as accounts used are documented.
What your team gets out of it
The new year starts with clarity - and the old one remains transparent until the final test.
In this chapter
- Years
- Posting Period Wizard
- Balance carry forward for general ledger accounts
- Balance carry forward for customers and suppliers
- Closing entries
Related topics
- For key users – understand and prepare processes › Finance › New Year work › Years
- For key users – understand and prepare processes › Financial accounting › New year work › Posting period assistant
- For key users – understand and prepare processes › Finance › New year work › Balance carry forward for general ledger accounts
- For key users – understand and prepare processes › Finance › New year work › Closing entries
Frequently asked questions
Why is New Year's work important for key users?
A professional New Year is not a single switch. It is a controlled handover: the old year remains traceable, while the new year becomes operational with correct initial values.
What needs to be checked before release?
The new year contains gap-free periods with correct assignment to calendar months. Carryforward balances match the released final balances. Closing and opening periods as well as accounts used are documented.