Use this window to perform a final transfer of the closing balance from one accounting year to the opening balance for the next accounting year. This can be done either as balances only or as one voucher for the closing balance and one voucher for the opening balance. The result for the past accounting year must be reconciled before the final transfer is implemented. When a balance amount is zero (0), it is not transferred to the new balance. The final transfer updates period zero (0) for the new accounting year. When Final Year End GL is run for a particular accounting year, the closing balances of that year and the opening balances of the next year will be changed to either Final Balance Transferred or Final Voucher Created. When Final Year End is run the status of the accounting year will change to Closed or Finally Closed depending on the status of the accounting periods within the year. This depends on if the transfer of final balances is done as balances only or as vouchers. These changes occur in Accounting Periods.