I am in the process of closing the year end. In previous years we would save the data into a file for the old year. The active year is called in our case NASNEW. Since 9.0 doesn't require the data to be copied, do we just continue using the same data path for the new year?

Please reply as soon as possible, as I am running the year end today.

Hello ltribe,

There is a complete checklist of year end procedures for Ledger 9.0 available here.

When you say you are running "year end", do you mean "create next fiscal year", "Close Income/expense Acct" or "Close current fiscal year"?

To briefly answer your question, you continue to use the same data path for your next fiscal year - you do not have to make a copy of your current year for the purposes of looking up detailed transactions after the year is closed.

Of course, you will want to make a backup of your data immediately prior to performing any year end functions such as closing the income statement accounts to retained earnings or closing the year, in case you realize something else had to be done and you need to get back in.