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In my first two blog posts, I gave tips on what you need to consider before and during the year end. Below, you will find the third and last part of the blog series "Preparations for year end in Infor M3" – after closing. Happy reading!

1. Record the yearly profit

Determine and record the profit for the year in the income statement and balance sheet. System wise, this can be done in a special program.

2. Perform

Perform the annual run for the fixed asset ledger and order costings.

3. Complete

Complete the annual run for the accounts receivables and accounts payables.

4. Run

Finally, run the final annual run on the general ledger. Now you are done with the previous year, time to get started with the new year. Good luck!

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