Year End closing

Hi All

Can i close the financial year withou closing the Previous year.

When I am closing the year, on the “opening Transaction” form under GL parameter section all the check mark are unchecked but on the GL parameter form in SETUP section, i check mark all but nor refelecting in the “Open Transaction form”.

Please advise


Any Suggestion Experts…

I would say no purely from the perspective of accountancy - your declared figures of this year relate to the retained earnings of the previous year so you have to close the previous year from a financial perspective. Also never met an accountant that has waited +12 months to close a financial year.