1 Topic by alex1452 (edited by alex1452 06/27/2025 02:57:07 am)

  • From: Germany, Kiel
  • Registered: 06/26/2025
  • Posts: 4

Topic: "Closing GL Transactions" grayed out

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

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,249

Re: "Closing GL Transactions" grayed out

Closing the dummy year will forward the closing balances to the new years' opening balances.

Please note that all partial transactions will be abridged into the opening balances unless the dummy year had details of individual transactions that were to be finished in the new year.

apmuthu's Website

  • From: Germany, Kiel
  • Registered: 06/26/2025
  • Posts: 4

Re: "Closing GL Transactions" grayed out

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"?

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,249

Re: "Closing GL Transactions" grayed out

You will have to make the 2024 year as the active year and then close the 2023 year.

apmuthu's Website

  • From: Germany, Kiel
  • Registered: 06/26/2025
  • Posts: 4

Re: "Closing GL Transactions" grayed out

I have created 2024 and marked it as the active year. However the "Closing GL Transactions" is still grayed out.

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,249

Re: "Closing GL Transactions" grayed out

Check the Trial Balances for any discrepancy and whether Credit and Debit balances tally.

apmuthu's Website

  • From: Germany, Kiel
  • Registered: 06/26/2025
  • Posts: 4

Re: "Closing GL Transactions" grayed out

I have done that. Credit and Debit are fully balanced. I did not spot any discrepancies. What causes the function to be disabled?