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Performing Year-End Closing for SAP Business One

Performing Year-End Closing for SAP Business One

As the year comes to an end, it is the time to perform the much needed year-end closing for your SAP Business One. The financial year-end closing is an annual process crucial for the continuity of the finance process.

For those that year-end close is 31st December, your 2020/2021 periods need to be created before 1st January 2021. If they are not created within that time frame, no transactions will be processed from 1st January 2021 onwards.

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It is very important to ensure that the periods are created correctly as you will not be able to delete any periods created incorrectly once transactions have been processed.

Below is a video of the step-by-step process to perform the year-end closing for SAP Business One.

If you have an alternative year-end close date, please bookmark this article as the same procedure applies.

For assistance on all SAP Business One ERP system, contact us below.

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