Closing the Financial Year for All Branches Together in One Step

This feature allows the accounting user to close the financial year for all of the company’s branches in a single action, instead of repeating the closing process for each branch individually, saving time and ensuring no branch is overlooked when finalizing the financial year.

Before You Begin

• The “Branches” app must be enabled on the account.
• The financial year to be closed must be in “Open” status.

Steps to Close the Financial Year for All Branches

1. From the sidebar menu, click on “Accounting,” then “Accounting Settings,” then go to “Financial Periods.”
2. Click the “Close Financial Year (Multi-Branch)” button.
3. The closing screen opens, displaying the closing date period range and a list of all available branches along with their status (Open or Closed).
4. Select the open branches you want to close, then click “Validate.”
5. The system automatically runs validation checks on each selected branch and displays the results on the “Pre-Close Validation” screen in a table showing: the branch name, the validation result (Passed/Failed), and the failure reasons (if any).
6. Click “Close Financial Year” to confirm closing the financial year for all selected branches that passed validation successfully.

Validation Rules

• The selected financial year must be in “Open” status.
• At least one branch must be selected to proceed past the first step.
• If no branches are eligible for closing (all are already closed for this year), the wizard is blocked with the message: “All branches for this financial year are already closed. Nothing to close.”