OnRamp Year-End Close Procedure

Author: Paul Henriques in: Quick Tips

Year-End Close Procedure in OnRamp

December 29, 2021

As your fiscal year comes to a close, here are the 3 simple steps to perform your year-end close for the current year in OnRamp ERP.

  1. On Unposted Transactions [R3140], confirm there are no unposted transactions.
  2. On Trial Balance [R1219], confirm that the trial balance is correct.
  3. On GL Yearend Close [S1062], run the year end close process.

Unposted Transactions

Running the Unposted Transactions report will display a list of transactions that have not been posted to the GL accounts.

Correcting these issues may require a review to see why they were not posted. The most common reason for unposted transactions is that the fiscal date is closed at the time the transaction should have been posted.

All unposted transactions will need to be reopened on Fiscal Calendar Close [S1066].

Fiscal Calendar Close screen

Another reason for unposted transactions is when a customer receipt was entered in a closed fiscal date. When this happens, the receipts cannot be finalized. To resolve this, you have to change the receipt effective date to the non-closed date, i.e., the current active period.

Trial Balance

For the trial balance, if there is a balance discrepancy, begin by checking that the balance ties to the audited trial balance. If not, then the difference needs to be addressed and corrected, usually with a journal entry.

Running the Year End Close in OnRamp

Once the corrections are made, you can run the Year-End Close on GL Yearend Close [S1062].

Year-End Close screen

Note: The Year-End Close process can be run while your OnRamp ERP environment is in use, however fiscal values cannot be posted to their respective GL accounts.


  • Paul Henriques

    Paul Henriques is the current Manager for the Documentation and Training team at OnRamp Solutions Inc. Paul has over 15 years of experience in writing training material and documentation for various software companies. Having had to learn OnRamp ERP to better document it’s features and write training material; Paul is constantly stunned by the amount of thought that goes into each feature and the capabilities that are within the program, with features for all the various business units of a manufactory. Paul spends most of his free time keeping up to date on all the latest news and best practices for the manufacturing sector. Paul’s favorite manufacturing quote: “There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.” – Henry Ford

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