Accounting Year End Closing Training Guide

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• How to do Year End Closing?

  Preparation The main purpose of Year End Closing process is to move the Profit/Loss amount incurred over the Financial Year (stored in Expense, Cost & Income accounts) to the Retained Earnings account. Ensure that all previous Financial Periods have ...

• Adjustments after Year End Closing

  Your auditor might ask you to generate Financial Reports and make audit adjustments post-YEC (Year End Closing). In that case, use Journal Entry and/or Stock Adjustment modules to make adjustments. With adjustments made, there might be outstanding ...

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