Problem: End of Year program menu option is not highlighted (greyed out).
Solution: This reason is that the current user does not having access rights to the ENDOFYEAR secure permission. Add this function from Admin > Groups & Permission.
Problem: Update opening entries first Warning appears when starting the End of Year Procedure.
Solution: You need to update the Current Year opening balances by clicking on the Previous Year > Update Opening Entries option.
Problem: Yearly Profit & Loss Account does not exist.
Solution: The End of Year function transfers the net balance of non-balance sheet items to a yearly profit & loss account. This error will occur if no Yearly Profit account (not Retained Earnings) has been defined in Support Files > System Control Accounts.
Problem: Data Validity Failed.
Solution: This indicates the existence of Invalid data and requires you to contact Shireburn personnel.