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Menu Path: Accounting > Maintenance > Configuration > Edit Financial Year and Period

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Function: 

1. (Tick) Auto generated Retained Earnings: To transfer Profit or Loss for the period to Balance Sheet Account (Replacement of Month End Processing function)
2. Update monthly period description
3. Update Quarter : Q1, Q2, Q3 and Q4 : Allow to view Profit and Loss Statement by Period; Balance Sheet by Period
4. Lock monthly period transaction (Selection of OPEN, LOCK GL, LOCK TXN, LOCK ALL)

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