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Verifying the information in the new year's file
After performing a Year End Close, open the New Year's file, and do the following:
- Verify that the year end and period dates in the Company Profile were incremented correctly. Show me
- Verify that the WIP opening balance agrees with the WIP closing balance prior to the Year end Close. Show me
- Verify that the Accounts Receivable opening balance agrees with the Receivable closing balance prior to the Year end Close. Show me
- Verify that the staff standard and work code rates have been increased (if selected). Show me
- Verify that next year's project has been created (if selected).
- Check the diagnostics again to verify that there are no errors in the file.