# TRANSFER prior year balances

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This option automatically transfers the closing account balances for all balance sheet accounts from the prior year database into the corresponding Opening balances for the current database. As part of the same process, the Prior year balance for both balance sheet and profit & loss accounts is also updated.

This function is used when a database for one year has been rolled over before the end of year accounts have been finalised (such as income tax). Accentis Enterprise automatically knows how to locate the prior year’s database relating to the current database.