Closeing balances and open new year

Dear colleagues,

We are approaching the end of the financial year. I am using the cloud version of this software, and I would like to know how I can close the balances for the current year and open a new financial year (for example, 2026), with balances carried forward, income and expense accounts closed, and a fresh start for the new year.

There is someone here whom I pray will not take part in the explanation.

A post was merged into an existing topic: Opening balance for new financail year