If you're closing your fiscal year, you'll want to make sure your GL is ready. Here is a list of things you may want to do before closing your fiscal year:
1. Complete all transactions for the fiscal year you want to close.
2. Reconcile all G/L accounts for the fiscal year you want to close.
3. Print reports to keep a copy of your accounting information.
4. Audit reports and make adjustments if needed.
5. Run the internal Accounting Review to check for common errors.
6. Make a backup of your company data.