I have done that. Credit and Debit are fully balanced. I did not spot any discrepancies. What causes the function to be disabled?
1 Yesterday 09:02:59 am
Re: "Closing GL Transactions" grayed out (7 replies, posted in Banking and General Ledger)
2 06/28/2025 07:26:00 am
Re: "Closing GL Transactions" grayed out (7 replies, posted in Banking and General Ledger)
I have created 2024 and marked it as the active year. However the "Closing GL Transactions" is still grayed out.
3 06/28/2025 02:19:51 am
Re: "Closing GL Transactions" grayed out (7 replies, posted in Banking and General Ledger)
Thank you, I am aware of that. That is the reason why I put the opening balances in 2023. I want the correct balance for 2024.
My question was really HOW do I close 2023 given that the menu item "Closing GL Transactions" is gray and not clickable. WHY is it gray and what can I do to make it "clickable"?
4 06/27/2025 02:55:48 am
Topic: "Closing GL Transactions" grayed out (7 replies, posted in Banking and General Ledger)
Hi Forum,
I am trying to switch from another accounting software to FrontAccounting. I have done 2023 in the other accounting software and would like to do 2024 in FrontAccounting.
In order to have the right starting balance in FrontAccounting, have created a new GL 3999 Opening Balance Equity and created journal entries for 12/31/2023 to book all positions of the Balance Sheet from the other accounting software. The Profit of 2023 is booked to 3590 "retained earnings". I have reconciled all bank accounts simply by using 0 as starting balance and the actual YE balance as ending balance. I am "System Adminstrator" working on a fresh installation of 2.4.18 with the default US-COA.
I would like to close now 2023 to start posting actual transactions for 2024. However the menu item "Closing GL Transactions" is grayed out. None of the journal entries that I have created for 12/31/2023 is closed. Why is "Closing GL Transactions" grey and what do I have to do to close the "dummy" 2023 to start working on 2024?
Thank you for your help!
alex