The account controls on the general ledger are adjusted to zero. The accounts are reviewed to ensure proper posting of the closing entries. A listing of the accounts being closed is forwarded to Financial Services Payroll section for verification that there are no payroll transfers in process. Delete flags are placed on the subsidiary and general ledgers. The delete flag prohibits the posting of any additional transaction to the ledgers and is the trigger to drop the accounts from the Chart of Accounts.
Notification is sent to the department administrator that the account is closed.