Closing the accounting period
Accounting period closure is carried out from the Period Account Register (PAR) application in RamBase. Reconciliations during period closure is about approval or rejecting. No reconciliations are done from the PAR application, but reconciliations are to be approved from PAR.
Open the Period Account Register application
To open the Period Account Register (PAR) application, find Finance in the RamBase menu and then General ledger. Click Accounting periods to enter the PAR application.
Make sure to keep the closing account period in an editable mode (status 8) until all reconciliations and inspections are completed. Then confirm the period closure (status 9) to close the period in the PAR application.