Closing out year end balances

To close out a year end remaining balance and roll the balance into the next fiscal year:

1. In the CIP Menu, click on the ‘Revenue’ submenu

2. Click on any of the options listed. In the upper right corner, click on ‘Close Out Year’.

3. Select the year to close out and the year to roll over the remaining balance to.

4. Click on ‘Closeout’.

5. A corresponding debit and credit entry will be made to note these entries. If the entry was made in error, click on ‘Undo Closeout’ and select the year you would like to ‘undo’ or revert.