Hi Lulu,

The Close Current Fiscal Year function is hidden until the 'Create Next Fiscal Year' function has been run. This means you cannot close a year until the next year is created. This would explain why your 2007 does not show the function (as 2008 had not yet been created), but the 2008 data shows this.

We do have a checklist that we plan on putting up in our Tech Tips, but this hasn't happened yet. Essentially, the sequence of running functions are as they are listed on the Maintenance screen:
Create next year budgets (optional)
Create next fiscal year
Close income/expense accounts
Close current fiscal year