What is the 'All ledgers' option in the Fiscal Year End (FIYEND) function

There is an 'All ledgers' option on the FIYEND process in Sage X3 ERP.

When the All ledgers column in FIYEND is set to "Yes" the function will close all the ledgers active in the Account core model for the company being closed. The Account core model being used by the company can be determined by going to Setup, Organizational structure, Companies, Acct tab.
There may be scenarios where you want to close one ledger at a time.
- In this case, the "No" option would be used for All ledgers and the ledger desired to be closed would then be selected in the Ledger column.