Forum Message

End of Financial Year

Your solar accounts are very friendly, its a good product specially for those who have no accounts background.

I wounder if you could help me to know that how the year closing are being made and balances are carried forward to next year.
I can not find any thing in the Help.


Posted by Sher Khan on Nov 9, 2009 4:10 PM GMT

Hello Sher,

Once you have entered all your transaction for the financial year, click menu Setup > Financial Year > New financial year. This will transfer the income and expense balances to the Retained Earnings account.

Cheers,


Posted by Mark McLaren (Solar Accounts) on Nov 9, 2009 4:17 PM GMT