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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.