Episode 36 :: Closing The Year

Closing the year in Clients & Profits is extremely important and should be done sometime after the end of your fiscal year. Clients & Profits X Pro supports two simultaneous fiscal years (for a total of 24 accounting periods, compared to Clients & Profits Classic, which supports only 15), so there’s no real sense of urgency about year-end closing. The year can be closed well into the next fiscal year. Throughout that time you can enter data into both the current year and last year, then print financial statements for any accounting period.