The setup of the year-end closing templates will be moved to a new setup page. The existing year-end close page will change, similar to the general ledger foreign currency revaluation, where a list displays each time the year end close is run or reversed. An accounting manager can initiate the year end close from the new page. If the accounting manager wants to reverse the year-end close, they can select the most recent fiscal year for the appropriate legal entity and choose the Reverse year-end close button. The reversal will delete the accounting entries for the previous year-end close, and will not rerun the year-end close automatically. You can rerun the year-end close, by restarting the process for the fiscal year and legal entity. The process will continue to use the General ledger parameter setting to determine whether the year-end close rerun will account for only the new or changed transactions, or completely reverse the previous close, rerunning the process for all transactions.