The Micronet General Ledger, Creditors Ledger and Distribution applications each have their own End of Year procedure. End of Year for Distribution and Creditors must be run for each immediately after running End of Month at the end of financial year. The procedures for General Ledger End of Year vary depending on the version of Micronet you are currently using.
General Ledger End of Year must always occur before the End of Year in Distribution or the Creditors Ledger. A new financial year needs to be created (v2.7 and above) or GL periods reset (v2.6 and below) to allow for the provision of a new financial year.