The year end closeout process in Eagle's accounting solution moves ledger balances from Income, Capital, and Expense accounts to an Accumulated Earnings account, setting these general ledger account balances to zero for the start of the next fiscal year. For funds that use month end processing, the system closes out ledger balances based on a monthly accounting date equal to or less than the fiscal year end date. You can use a ledger transfer profile in Ledger Item Editor to identify the general ledger accounts used in the year end closeout process.
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