New Financial Year

How do I process a year end to bring the profit forward into the Balance Sheet and clear the TB for new year

Posted by Marjorie on Apr 30, 2009 11:02 PM BST

Hello Marjorie,

Click menu item Setup > Financial Year > Start a new financial year. This will then create an 'End of Year' transaction which moves the balance of profit and loss accounts to the Retained Earnings account.

Regards,

Posted by Mark McLaren (Solar Accounts) on Apr 30, 2009 11:08 PM BST