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End year end close for diffrent posting layers

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Posted on by sand143

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Hello Experts,

Is any possible way to process the year end close as per the posting layers?

Example: As per our client's requirement, they will close the year-end current layer for global reporting purposes, and after audit, they want to make the adjustments in the tax layer as per local requirements and run the closing after three months. Is it possible to meet this requirement?

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saurabh bharti 15,029 Super User 2025 Season 1 on at

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RE: End year end close for diffrent posting layers

Hi,

I think we don't have option for running year close with posting layer filter.

But you can reverse the previously run close , make adjustments to last year and rerun the year close transfer.
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BillurSamdancioglu 16,620 Most Valuable Professional on at

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RE: End year end close for diffrent posting layers

Hi,

Please.check if this parameter will fit your need

The Delete existing year-end entries when re-closing the year option is used to specify whether the system-generated opening transaction from a previous year-end close should be deleted when the year-end close is rerun. If this option is set to Yes, the previous opening and optional closing transactions are deleted, and a new opening or closing transaction is created based on the current balances. If this option is set to No, the previous opening and optional closing transactions remain, and an additional opening or closing transaction is created to move the balances forward from adjusting transactions that are posted after the previous year-end close.