# End Of Year Closure

The End of Year Closure page initiates the end-of-year closing process, which involves transferring profits or losses to the general reserve account and preparing the system for the new financial year.

### **Accessing the End of Year Closure Page**

1. Log into the banking application using your credentials.
2. Navigate to the **Postings** section.
3. Select the **End of Year Closure** page from the available options.

### **Initiate End of Year Closure:**

1. **Financial Year End:** Enter the financial year that is ending.
2. **General Reserve Account:** Select the appropriate general reserve account to which the net profit or loss will be transferred.
3. **Run End of Year:** Click the "Run End of Year" button to start the closure process.

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