Finalise End of Year Financials

The end of year financials process in SapphireOne is crucial for closing out the financial year and preparing accurate financial statements. This guide will walk you through the steps to ensure a smooth year-end financial close. The steps are as follows:

1. Navigate to Management > Management > End of Year Financials.
2. Ensure all financial statements are accurate and up-to-date.
3. Make any necessary adjusting entries to correct discrepancies.
4. Fill Out Necessary Form Elements:
   • Closing Date – Enter the closing date for the financial year.
   • Description – Provide a brief description of the year-end process.
   • Adjustments – Enter any final adjustments required.
5. Click on the Close Year button to finalise the year-end process.
6. Review the closed financial statements for accuracy.
7. Save the changes to complete the process.

For more detailed instructions, please refer to the Management > Management > End of Year Financials article.