For detailed foundational steps, please refer to the help section ▶️ Close Accounts (Rec & Pay)

Key Differences from Receipts and Payments

When transitioning from the R&P approach, councils should note the following distinctions for Income and Expenditure:

1. Data Copying Specifics:

   • For Income and Expenditure, it's crucial to select 'Copy Income & Expense' alongside 'Copy annual returns data'. This ensures a comprehensive transfer of financial activities.

2. Navigation Path:

   • Access this feature via Year End (Inc & Expense) → Close Account

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