Closing Entries

Create an accounting closure

To close journal entries for an office, do the following:

1. On the Mifos toolbar, click Accounting to open the Accounting menu.
    
2. On the Accounting menu, click Closing Entries to open the Closed Accounting Details dialog.
    
3. In the Closed Accounting Details dialog, click Create Closure to open the Create Closure dialog.
    
4. In the Create Closure dialog, enter the closure details:
   1. In the Office list, select the office you want to close to accounting.
      
   2. In the Closing date box, click in the box and then choose the date from the pop-up calendar. Use the left and right arrow keys beside the month and year to change the month.
      NOTE: The closing date defaults to the current date.
      
      
   3. In the Comments box, enter an optional comment.
      
5. Click the Submit button to complete the closure and view the closure details.
    

Delete an accounting closure

If you backdate a transaction to a date before the closure date, you will receive the following error:

You must first delete the closure before you can backdate the transaction.

To delete an accounting closure, do the following:

1. On the Mifos toolbar, click Accounting to open the Accounting menu.
    
2. On the Accounting menu, click Closing Entries to open the Closed Accounting Details dialog.
    
3. In the Closed Accounting Details dialog, click the accounting closure you want to delete.
   
   
4. Click Delete.
   
5. In the popup dialog, click Confirm to delete the account closure.
   You can now complete the postdated transaction.
    

Related articles

• Page:
  Closing Entries
• Page:
  Advanced Accounting Rules
• Page:
  Searching Accounting Transactions
• Page:
  Add Journal Entries
• Page:
  Accounting Rules