7021 – FY2024 & FY2025 Year End Closing Process Support

Issue Summary: [7021] Year-end closing process support for FY2024 and FY2025, including testing and live database execution.

Resolution / Workaround: The year-end closing process was successfully completed in the testing database on June 5, 2025. The team then executed the process in the live database on June 6, 2025, after confirming that all reports were correct. The ‘Profit Period’ amount for closing fiscal year was transferred to the G/L account used for ‘Retained Earnings’ Account during the Period-End Closing.