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[Music] welcome to business central video series this is michael pedo from vistas cloud a comprised accounting periods must be closed when a fiscal year is over this closing income statement batch job transfers the years result to an account in the balance sheet and closes the income statement accounts you might want to see the previous step or a video closing a fiscal year prior to this video to generate a year-end closing entry journal search for close income statement in the tell me window and select the related link or you can go to chart of accounts process and select close income statement [Music] select general journal template general journal batch [Music] you can change the document number by adding your preferred format by default retained earnings account number has been selected you can add the year in the posting description click ok button see video posting entries to a closed fiscal year for the last step