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closing the year on SAP business one

dear all,

can someone assist me with the procedures involve in closing the posting period in SAP Business One.

Regards,

Antony

Former Member
Former Member replied

Hi Antony,

The closing process will transfer the balances of the P&L accounts to a Balance sheet account. Usually this is an account of type 'Capital and Reserves'.

This is really something for the accountant of the company to decide.

Hope it helps.

Jesper

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