The above link has been updated to include the 2022 Federal Tax updates
End of Year Part 1: All ESC Accounting Companies
End of Year Part 2: Payroll-Related Functions
Does Your Fiscal Year End In December? Top 3 Points
1. In ESC, use Company | Close Fiscal Year to create 2022 accounting periods.
2. In ESC, use Company | Select Open Accounting Period to re-open December.
- You can enter into both years at the same time!
3. After making additional prior year entries be sure to Company | Close Fiscal Year, again.
- This will update January beginning balances.
- It is completely normal to close the fiscal year many times
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