Month-end closing in ERP systems is a crucial and intricate process. The specific routine operations can vary by organization and are influenced by the software settings and recorded business transactions. This guide will provide a detailed, step-by-step approach to closing the period in your ERP system.

Before finalizing the month, you should complete the following tasks:

1. Process payroll calculations.
2. Verify that all relevant documents have been entered into the system.
3. Review the Trial Balance for any negative balances.
4. Lock the period to prevent any further edits by employees.