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When you finish, you can close batches and close the month in Fixed Assets. However, we recommend making a financial backup first.

Closing Batches


If you use batches to post transactions in the General Ledger module, you must close the current batch in Fixed Assets. Closing the current batch is important for recordkeeping and providing an accurate audit trail.

 To close the current Fixed Assets batch
  1. Under Manage Records, click the Transactions tab.
  2. Select General Ledger Transactions in the drop-down list, and click Go .
  3. Click Posting Journal.
  4. In the Module field, click the Down Arrow to select Fixed Assets in the drop-down list.
  5. Click Close Batch.

Closing the Month


In Fixed Assets, year-end procedures are the same as month-end procedures.

 To close the month
  1. Under Manage Records, click the Transactions tab.
  2. Select Fixed Assets Depreciation in the drop-down list, and click Go .
  3. Click Close Current Month.
  4. Click Yes.