At the end of your business year (calendar or otherwise), CouterPoint makes it simple to close-out the current year.


Performing a Year-End Close

Overview
In CounterPoint, closing a year has nothing to do with accounting. Closing a year simply
updates the current year (the current calendar year ID) in the Company file.
If you access the software with a current system date that falls outside the current year, a
warning message displays on the CounterPoint menu screen.
You can view monthly history for the current year, for last year, and/or for the year before
last. In addition, in Setup / System / Company you can restrict transaction entry and posting
for last year and next year, so it’s important to close each year when the year is over.


Closing a year

Version 7
Select System / Year-end close.
Please enter new current year ID
The calendar year defined in Setup / System / Calendars as Year ID next year for the current
year displays as the default.
Enter the calendar year ID of the new current year.
The year ID entered here must have already been defined using Setup / System / Calendars.
The current year in the Company file is updated with the year entered here.

CounterPoint SQL

Go to Setup/System/Company and change the current year.  If you do not have a current year, you will have to create one by adding it.  

NOTE:  If your fiscal-year / business-year is different than the calendar year, update CounterPoint the 1st day of the new business year.  So, if your fiscal year begins March 1st, then change your Current Calendar setting on that day.