{"id":8535,"date":"2024-03-13T13:08:19","date_gmt":"2024-03-13T11:08:19","guid":{"rendered":"https:\/\/support.simplbooks.fi\/fi\/kayttoohjeet\/checking-and-correcting-closing-entries\/"},"modified":"2024-03-13T13:08:19","modified_gmt":"2024-03-13T11:08:19","slug":"checking-and-correcting-closing-entries","status":"publish","type":"ht_kb","link":"https:\/\/support.simplbooks.fi\/fi\/en\/kayttoohjeet\/checking-and-correcting-closing-entries\/","title":{"rendered":"Checking and Correcting Closing Entries"},"content":{"rendered":"\n
SimplBooks automatically generates closing entries when the financial period changes, provided that automatic entries have been activated in the environment settings. Automatic entries are enabled by default in the program’s initial settings. There is therefore no need to manually close or open a financial period.<\/p>\n\n\n\n

NOTE! Closing entries appear in the program immediately after the financial period ends, but they do not prevent bookkeeping for the previous period. They are updated automatically if changes are made to the preceding period.<\/strong><\/p>\n\n\n\n

If closing entries are not generated automatically, the settings must be checked. Missing automatic closing entries can be noticed, for example, if the program displays an error message: The balance sheet is not in balance<\/em>.<\/p>\n\n\n\n

See HERE<\/a> for answers to frequently asked questions about closing entries!<\/strong><\/div><\/div>\n\n\n\n

In SimplBooks, entry numbering does not restart at the beginning of a new financial period \u2014 it continues sequentially.<\/strong> The entry number is determined by the time the entry is made.<\/div><\/div>\n\n\n\n
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A separate closing entry is generated for every income statement account that has had entries during the financial period when the period changes. No closing entries are generated for balance sheet accounts.<\/p>\n\n\n\n