The Year-End feature in BrightAccountsProduction is designed to help you seamlessly transition from one accounting period to the next. This crucial process ensures that your financial records are accurately closed for the current year, setting the stage for a fresh start in the new year. By using the Year-End feature, you can close the current accounting period and move forward with confidence. Complete the following steps, to ensure a smooth and efficient year-end transition in BrightAccountsProduction. 

If you encounter validation errors during the year-end process, these are often due to incorrect or unsaved nominal entries. These issues may arise from poor internet connections or not logging out of the system properly. To resolve such errors, you can try the following solutions: Use the 'Nominal Only Recalculation' option in settings to help clear errors related to nominal ledger entries. Ensure all temporary journals are addressed by navigating to Nominal Ledger -> Journals, selecting 'View' -> 'Summary', and checking for journals highlighted in red. Any red journals should either be saved again or deleted. Additionally, ensure there are no extra spaces in commands such as 'RUN YEAR END'. If errors persist, enable support access by opening settings and ensuring support is activated, or re-invite support if necessary. By following these steps, you can often resolve validation errors independently without needing further support.

1. Login to BrightAccountsProduction and enter the required business.
2. On the top panel, click Settings.
3. The Settings page appears. Under the DATA heading, click Year-End.
4. The Year-End window appears. Read the messages carefully. Note that the process is irreversible and you should run it only when you are sure you have no changes to make in the current financial year. If you are happy with the outcome, check I acknowledge the above information and understand this operation cannot be reversed from your end.
5. Enter the RUN YEAR END, as shown and optionally, tick Copy this year's Budget figures to next year to move the current financial year budget to the next.
6. Click OK.
7. The Confirmation Message window appears. To proceed, click OK. 
8. The Information Message window confirms the year-end completion.
9. The Year-End has been completed. Once the year-end is processed, you can witness some changes on BrightAccountsProduction. Follow the below table for a comprehensive guide to the same.
10. To better understand the table, let us consider the 2024-2025 period as the fiscal year you are closing.

Note: If a dataset is password protected before the YEAR END is run, the password will be carried forward to the new set of accounts.

NOTE: If the Year End process is already running in the background and another attempt is made to start it, the user will see the following message: "The Year-End is still running, please do not return the YE. To confirm that it is complete, check the Journal Opening Balances have been created and that your Accounting Periods have been updated."