Enhanced closes (updates) accounting periods by using the Trial Balance report found in the general ledger module. Run the report for the accounting period that you wish to close. Select the first fund (usually General Fund A) and print the report to screen. Once you’ve printed the report, click File, and then Close. Providing that you are in balance (debits equal credits) the system will ask if you’d like to update (close) an accounting period. Click OK and select the respective accounting period to be closed. Enhanced will then check all the other funds for the specified accounting period, and close all funds for that period. If one or more funds are not in balance, none of the funds will be closed

Category: General Ledger

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