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A question on year-end process 'Close Process - Create Income Statement Closing Journals'

edited Nov 2, 2009 7:44AM in General Ledger - EBS (MOSC) 4 commentsAnswered
 Hi there,

I have a question on year-end process 'Close Process - Create Income Statement Closing Journals'.  It is about 4th parameter, 'closing account'.  Please note that we are using federal financials (FV).

Let's say I use a range of accounts in 'From account' and 'To account' field, which includs all the funds (balancing segment) and the year values. 

However, in next parameter field, closing account, it allows only one combination, that is, one value only for each segment.  My question is which year I should put there if I want the accounts to be closed to their own years since in Federal accounting, year is very important and I can't close 2007's, 2008's amounts to 2009 all together?

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