# Solved: Performing Year-End Closing in Infor SunSystems *Source: https://trginternational.com/blog/faq-year-end-closing-infor-sunsystems/* --- Period-end accounting book closing, like month-end or year-end closing, is one of the most vital processes. Companies need to diligently follow procedures to meet both local and global standards, ensuring: - 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](https://trginternational.com/solutions/infor-sunsystems-cloud/), 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)** ![TRIAL BALANCE REPORT (unbalanced)-Perform period end closing using Infor SunSystems](https://wpengine.trginternational.com/wp-content/uploads/2026/03/Picture1.png) 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:**  ![Before balancing entries-Performing Year-End Closing in Infor SunSystems](https://wpengine.trginternational.com/wp-content/uploads/2026/03/Screenshot-2026-03-11-153939.png) **After balancing entries:**  ![After balancing entries-Performing Year-End Closing in Infor SunSystems](https://wpengine.trginternational.com/wp-content/uploads/2026/03/2.png) ## **Summary of entries to be booked** **Accounting period  =  P12 / Y**  If total _Prior Years Profit/Loss = Credit Þ_ _Profit_ 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_  - _DR_ _98000_ _Current Year Profit/Loss (type P)_ _208,277.71_   - _CR_ _97000_ _Retained Earnings (type B)_ _208,277.71_    **EXAMPLE 2: TRIAL BALANCE REPORT (after posting the balancing entries)**  ![TRIAL BALANCE REPORT (after posting the balancing entries)-Performing Year-End Closing in Infor SunSystems](https://wpengine.trginternational.com/wp-content/uploads/2026/03/Picture2.png) 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](https://trginternational.com/blog/faq-infor-q-and-a-11-data-send-ssc-return-parse-error/) - [Solved: SunSystems Login Error via Infor OS](https://trginternational.com/blog/faq-sunsystems-keeps-loading-when-logging-in-via-infor-os/) - [Solved: Q&A 11 Fails to Include Drill Profile in Excel’s context Menu](https://trginternational.com/blog/faq-query-analysis-11-excel-drill-profile-comexception/) - Or check out all the frequently asked questions with answers on [our dedicated resource page](https://trginternational.com/faq/)