Main account closing options
It is important to define closing processes for the main account and how balances are distributed at the time of closing.
General ledger > Chart of accounts > Accounts > Main accounts
In the Field to transfer balance on closing sheet drop-down menu, select how balances should be transferred to the closing sheet during the closing process.
- Blank – Leave the field blank to transfer the balance to the Difference field.
- Result – Select this option to update operating accounts.
- Balance – Select this option for balance accounts.
- Capital – Select this option for accounts related to cash flow forecasts and revaluation.