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How do I close the year in Financials?

01-03-2020
Tags: accounting, Financials

In previous versions of OnSite the system required the user to close the year before closing the first month of the next year.  This is no longer required in OnSite 7 and future versions.  When the last month of a fiscal year is closed the system will automatically "Close the year" so that the first month of the next fiscal year will be ready to close.