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To prevent users from posting a transaction to a previous period, individual financial periods or years can also be closed from this tab. For instructions on how to create or close a financial year or period, please refer to: How to Set up Financial Years.
It is also important to note that in Moveware, more than one financial year can be open for posting. However, in order to update balance sheet in subsequent years, the year must be rolled over. Refer to How to Roll Over Financial Years for more information on how to accomplish this.
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