Year End Closing Routine

Hi,

Is there any built-in scheduler, or routine, which will execute once a new year begins for an existing company, or how do we manage different year data in the system.

Normally, when we close a financial year, the closing balances of each account has to be moved as opening balance for the new year for the same account. Do we have any method or routine for this.
Please advice.

Regards
Heartine Lazar

some on line accounting systems do this automatically, it appears its a manual job with Akaunting, make a mess of the balance sheet.