We continue to run our company through the year ending!

FACT ERP.NG has changed the way we close our accounts. We simply extend the year-end by twelve months and continue entering transactions for the new financial year, while entering adjustments and provisions in the previous year.

Once audit adjustments have been entered, the fully automated Year End utility backs up the previous year’s data and brings forward each open transaction to the new year. It also purges the previous year’s data and we simply continue to run our business.