We had completed the step of ‘Close Periods’ and all the periods were finally closed. However, when we try to run the ‘Close Year’ session, the following message was prompted:



“Profit and loss balances (of individual accounts) are not yet zero”



Please advise on how to solve this error.

Wha happens when you run Automatic balancing of profit and loss acount session?

Arvind Patil

Nothing, it completed successfully. We had even finalized the batch created. Any idea?

I am suspecting may be caused by the ledger history, and plan to do as below:

1. Re-open all the periods (thru GTM since we had 'finally' closed them previously).
2. Rebuild the opening balance and ledger history.
3. Close the period again (finally close)
4. Re-run the close year session

Please advise.
***

Thanks.

Hi,

Before running the Rebuild ledger history, you can try "tfgld3410m000" for Print difference only option and if any documents found, then do the GTM and make the document balanced.

Then do the rebuild and try for Autobalancing again if any new balancing will be done.

Regards,