Solved: Performing Year-End Closing in Infor SunSystems

• All financial data remains correct
• Correct financial balances are carried forward
• The new financial year is ready for posting
• Financial reports can be done timely

With Infor SunSystems, the process can be completed faster and with less stress, thanks to its flexibility and the ability to let users move freely from one period to the next without performing routine period-end closing. And here is how you can perform it effectively without any hitch. Simply follow our step-by-step instructions detailed here.

How to perform year-end close using Infor SunSystems

Follow the standard SunSystems Year-End Procedure which is partially automatic and partially manual.

1. Ensure all transactions are posted

• Verify that all journals for the year have been posted.

• Run Trial Balance to confirm balances.

2. Run ledger revaluation (if applicable)

• Revalue foreign currency balances if required.

3. Run year-end procedures

a) Users will update the current period to be the First period of the new year:

P 1/Y+1 using CPD = Change Period 

Consequently, SunSystems will automatically reset to zero the balance of all the Profit and Loss accounts (i.e. the account codes with the Account Type box set to P in COA = Chart of  Accounts).

All the transactions on Profit and Loss accounts from previous years are kept in the system and users can still inquire or report on them.

b) Users must run:

TBL = Trial Balance for P1/Y+1

The total sum of Profit & Loss Accounts reflects the result of year Y

This figure is displayed at the bottom of the Trial Balance report as being “Total Prior Years Profit/Loss”. Please refer to our sample report below.

EXAMPLE 1: TRIAL BALANCE REPORT (unbalanced)

Because Profit/Loss accounts have been reset, the Trial Balance on P1/Y+1 (e.g.   01/2026 in the given example) is unbalanced by the relevant amount.

c) Users have to manually balance the Trial Balance by booking the balancing entries on period P12/Y (last period, previous year, e.g. 12/2025 in the given example) in Ledger.

The two accounts used are:

1. One account type B called, e.g. Retained Earnings. As this account is a balance sheet account the balance will be brought forward to P1/Y+1.
2. One account type P called, e.g. Current Year Profit/Loss. This account should not have an account code within the range included on any financial report.

As it is a Profit/Loss account, the balance will be reset on P1/Y+1.

Before balancing entries:

After balancing entries:

Summary of entries to be booked

Accounting period  =  P12 / Y 

If total Prior Years Profit/Loss = Credit ÞProfit then:

• DR  P-type account
• CR B-type account

If total Prior Years Profit/Loss = Debit Þ Loss then

• CR P-type account
• DR  B-type account

See on the next page: the Trial Balance for 01/2026 after posting the balancing entries

In our example, the exact entries are:

• Accounting period: 12/2025
• DR98000Current Year Profit/Loss (type P)208,277.71 
• CR97000Retained Earnings (type B)208,277.71 

EXAMPLE 2: TRIAL BALANCE REPORT (after posting the balancing entries)

Note that the Total Prior Years Profit/Loss from Example 1 (GBP 208,277.71) is added to Retained Earnings (GBP 164,631.86 on Example 1) totaling up to GBP 372,909.57 shown as Retained Earnings on.

See also:

• Solved: Data Send SSC Issues in Infor Q&A 11
• Solved: SunSystems Login Error via Infor OS
• Solved: Q&A 11 Fails to Include Drill Profile in Excel’s context Menu
• Or check out all the frequently asked questions with answers on our dedicated resource page