Year-end closing: French legislation

26 July 2024 | 2990  | #

When you have completed your accounting activity at the end of a fiscal year, you can run the year-end closing process to close it.

This process creates the carry-forward entry and generates the FEC file in the format required by the DGFiP.

Prerequisite
  • You have created the next fiscal year before running the year-end closing process.
  • The first month of this next fiscal year is open.
This process is irreversible. After closing, you will not be able to modify, delete or add entries for the closed fiscal year.

To close the fiscal year:

  1. Access the Year-end closing.

    Accounting > Closing > Year-end closing

  2. Select the mandatory ledger accounts.
  3. Preview the carry-forward entry.
    You can also generate this journal entry as a temporary entry as many times as you want (Simulate carry-forward entry).Your temporary carry-forward entry is found with your journal entries (Accounting > Journal entries) in the carry-forward journal. If you simulate a new temporary carry-forward entry or close the fiscal year, this will overwrite the current temporary carry-forward entry.
  4. Close the fiscal year.

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