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 ...
Setting Financial Periods & Locking Accounting Data Location Action Remark Setup Activity> A/C Setting Click SETUP activity Click ACCOUNTs Click A/C Setting module Click EDIT This is to open and set the Accounting Registration in edit mode. ...
Commonly when there is a difference in the P&L and BS this usually indicates that Year end closing was not done for a period. (note this may apply to multiple periods) Adjustments were made after year end closing was done. ( note this also can apply ...
This is a paid addon module, features described here are only available to those who purchased it. User Guide PDF can be downloaded from 'Attachment' section below.