p Record and post all entries for the fiscal year. Review and correct rejected entries.

p Verify that all suspense type accounts have a zero balance.   How?

p Print trial balance and other normal month-end reports, and verify that General Ledger is in
       balance.   How?

p Reconcile other applications with General Ledger.

p Print financial statements.

p Make a backup of your entire database, if you haven't already done so.   How?

p Close the fiscal year in General Ledger.   How?

p If needed, make adjusting entries for the prior fiscal year that you just closed. When doing so,
       close the entries to the prior fiscal year's retained earnings.   How? 

p Archive General Ledger data (optional).   How?