p Record and post all entries for the fiscal year. Review and correct rejected entries.
p Verify that all suspense type accounts have a zero balance. How?
p Print trial balance and other normal month-end reports, and verify that General Ledger is in balance. How?
p Reconcile other applications with General Ledger.
p Print financial statements.
p Make a backup of your entire database if you haven't already done so. How?
p Close the fiscal year in General Ledger. How?
p If needed, make adjusting entries for the prior fiscal year that you just closed. When doing so, close the entries to the prior fiscal year's retained earnings. How?
p Archive General Ledger data (optional). How?