Hi
How do I do End of year Adjustment, please? I have a balance that needs to be zero. This balance has been here a while and it is annoying!
Hi Trisha
Once you have entered all transactions for the financial year click menu
Setup > Financial Year > Start a new financial year. This will create an
end-of-year transaction that resets the balance of the income and expense
accounts to zero and posts the profit to the Retained Earnings account.
