# Year end Procedure

**URL:** <https://forum.manager.io/t/year-end-procedure/54175>\
**Category:** Uncategorized\
**Created:** [June 10, 2024, 10:58am UTC](https://forum.manager.io/t/year-end-procedure/54175 "2024-06-10T10:58:24Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![Balance](https://avatars.discourse-cdn.com/v4/letter/b/ccd318/32.png) [@Balance](https://forum.manager.io/u/Balance)\
**Post date:** [June 10, 2024, 10:58am UTC](https://forum.manager.io/t/year-end-procedure/54175/1 "2024-06-10T10:58:24Z")

</div>

Good Day everyone,

I am new to Manager and have used the system for approximately 2 years. Currently running 4 companies on this system.  
I still can’t figure out the year-end procedure to follow.

I looked at the old topics but they were not very useful. I have changed the dates on the summary screen and checked the reporting. there are some of the ledger accounts that do not have opening balances from the previous year. I am on the latest version 24.6.8.

For the reporting to be accurate and include opening/closing balances.  
What is the proper procedure to follow on Manager? If someone could please guide me.

---

<div class="post-metadata">

**Author:** ![pau](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/pau/32/40116_2.png) [@pau](https://forum.manager.io/u/pau)\
**Post date:** [June 10, 2024, 11:58am UTC](https://forum.manager.io/t/year-end-procedure/54175/2 "2024-06-10T11:58:39Z")

</div>

There is no year end procedure. The dates you set in your report edit screen will determine what you see in your Profit & Loss and Balance Sheet reports. If your business has a May year end you would run your adjusting journal entries in May, if you do those annually, and set the dates for your P&L report for 1/6 to 31/5 etc. Setting the dates on the Summary screen can be useful in some instances, but it doesn’t affect the underlying figures.

P.S. [https://www2.manager.io/guides/7470](https://www2.manager.io/guides/7470)

---

<div class="post-metadata">

**Author:** ![Paul\_Andersen](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/paul_andersen/32/42335_2.png) [@Paul\_Andersen](https://forum.manager.io/u/Paul_Andersen)\
**Post date:** [June 10, 2024, 10:44pm UTC](https://forum.manager.io/t/year-end-procedure/54175/3 "2024-06-10T22:44:45Z")

</div>

Once a financial year end has been completed and all adjustments have been made it is often prudent to ‘lock out’ that financial year from further entries. This is done via Settings \> Lock Date