Run the General Ledger Year-End Procedure (GYEN) at the end of each fiscal year. Don't be concerned if you're not ready to close General Ledger until several months after your actual fiscal year-end. Normally it takes some time for your end-of-year adjustments to arrive from your accountant.
Note that GYEN is only one step in the end-of-year process. See "Closing General Ledger at Year-End" for the complete end-of-year process.
Make sure you have run your financial statements for the year, and have run a backup.
From the Eagle Browser, click General Ledger Menu. From the General Ledger Menu, under the heading "Miscellaneous," click G/L Year-end Closing (GYEN). The Year-End Procedure window displays.
For a definition of each field, click here.
Click Run.