Year End Close

You can close the year for a contact in the current fiscal year when the contact has accounts with activity and/or adjustments.

  1. With a project open, click the Settings tab.
  2. Select a period in the next fiscal-year in the Current Period field to open the Year End Close screen. Before the contact is moved to the next fiscal year, you are required to zero out existing account balances.
  3. Click the Close Year button to zero-out account balances for the next fiscal year and move the contact to the selected period in the next fiscal year.


  • You can click the Edit Contact link in the Settings tab, or choose Setup > Clients > Periods tab to advance the period to the next fiscal year and open the Year End Close screen. 
  • The Zero account balances switch is disabled (locked ON). New functionality for Year-End Close will be available in future releases.
  • If you choose to open the contact in the previous fiscal year to make changes, and then return to the next fiscal year, you'll need to perform the Year-End Close process again.

The availability of some or all of these features depends on the applications your firm has licensed and the permissions your firm’s administrator has enabled for you.

Internal notes

Settings tab

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