Closing the Year

Learn how to close the year in Connected and optionally purge old data.

Year End Checklist
This article outlines the process for closing a year end in Connected.   Things to do Prior to Closing a Year Complete Reconciliations  Enter Year En...
Mon, Jun 21, 2021 at 12:19 PM
Closing a Period in Connected
Closing a period in Connected locks that period so that no further transactions can be entered into it.  This may be referred to as a "soft close"...
Mon, Jun 21, 2021 at 12:31 PM
Closing an Accounting Year in Connected
When a year is closed in Connected the following will happen: A Year-end closing journal entry is created that clears out the income statement accounts...
Mon, Jun 21, 2021 at 12:50 PM
Purging (Deleting) Data
Old data can be purged from the G/L, A/R, A/P, I/C, or J/C modules, as required. In some cases, it is recommended that data be purged on a regular basis to ...
Mon, Jun 21, 2021 at 12:57 PM