Help · Accountant
Close the month in SwiftlyBooks
Revalue what is held or owed in other currencies, then lock the month so its figures stay as reported.
Close a month
- Choose the month under Months. The earliest one still open comes first.
- Put right what shows in amber. It stops the month closing, or needs doing first.
- A month whose depreciation isn't run shows Run it in amber.
- Check the month's Trial balance and Profit and loss.
- Press the button that names the month, such as Revalue and close October.
Open it again
- Choose the latest closed month and press Open it again.
- Say Why, then press Open it again. The accountants are told, with your reason.
Good to know
- Months close in order, once each has ended, and open again in reverse. Nothing is posted or reversed into a closed month.
- Each balance in another currency is revalued at the closing official rate. The revaluation is taken back on the 1st.
- Closing the financial year's last month moves its profit to retained earnings.
Related
The same help is in the app: press the ? at the top of any page.