Czech Local Functionality - Year closing operations| Microsoft Docs

To comply with accounting legislation (Accounting Law 563/1991 §17) at the end of the fiscal year, the following account books must be closed or opened:

• Close Profit and Loss Accounts (Close Income Statement)
• Close Balance Sheet Accounts (new Close Balance Sheet report)
• Open Balance Sheet Accounts (new Open Balance Sheet report)

Changes Included

• Close Income Statement – Standard report Close Income Statement improved.
• Close Balance Sheet – Report Close Balance Sheet added. This report creates lines in General Journal. These lines contain posting to the Closing Balance Sheet account.
• Open Balance Sheet – Report Open Balance Sheet added. This report creates lines in General Journal. These lines contain posting to the Opening Balance Sheet Account.

See Also

Czech Local Functionality
Finance

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