Prerequisites

Before you perform the final fiscal year close:

• Back up your entire environment for fiscal auditing purposes.

  You might be asked to provide reproductions of your reports as well as your electronic data files during a tax audit of your information system.

• Ensure that no users are accessing the F0902 table while the Annual Close program is running.

  If users are accessing the F0902 table, records might be skipped when the program calculates retained earnings.