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It is not necessary to close a fiscal year before opening the next period. However, if you prefer to close a period after you have completed processing and balanced for the year, you can do so. A pop-up window will be displayed confirming that you want to close the fiscal year. Click 'Yes' to continue to close. When closing the year, it will automatically generate the an Inventory Fiscal Year End Report Bundle which is accessible under....
Making a Fiscal Year Current
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