Close fiscal years to close a posting period. Closed fiscal years can no longer be used for posting.
Prerequisites
All business transactions from the fiscal year must have been posted, i.e., entered into the posting journal.
Procedure in the FM Portal
Path to the starting point: System Control - Property Management - Posting Years - Posting Years
Open the posting year you want to close.
In the Identification section, check the box next to Closed.
Click Save in the toolbar.
The fiscal year is closed. The associated fiscal months are also automatically closed. Business transactions can no longer be posted to this fiscal year.