Year End Closing - With usage of option 'Reset' in Balance accounts field at Opening transactions form

Hi all,

I am curious to know how can we proceed for Year-End closing and tranfer opening transactions to a new fiscal year when one uses option 'Reset' in Balance accounts field at GL > Periodic > Fiscal year close > Opening transactions form.  

Can anyone guide what should be the sequence of Steps while doing Fiscal year closure with condition that transferring of opening transactions to next fiscal year will be done using 'Reset' option (shown above)?

Thanks in advance.