cancel
Showing results for 
Search instead for 
Did you mean: 

GL Account Closing Function

asalah2019
Participant
0 Kudos
233

Hello,

What is the function of GL Account Closing, I cant' find any information about this in SAP help?

Thanks

Accepted Solutions (0)

Answers (1)

Answers (1)

ANKIT_CHAUHAN
Product and Topic Expert
Product and Topic Expert
0 Kudos

Hi asalah2019,

Copied from the following link: Year End Closing: Turkey

As part of the year-end closing process, you are required to close balance sheet accounts for accounts which are above other accounts in the hierarchical structure. The G/L Account Closing functionality allows users to generate a closing posting (mandatory) and opening posting (optional) for each account level.

Kind regards,

ANKIT CHAUHAN

SAP Business One Support