Year End Closing / Check
Print Report
Print the Profit & loss report
Location
Adjustment > Closings > Year End Closing
Action
> Click on REPORT
> Click on FINANCIAL
> Click on PROFIT/LOSS
> Enter your period date
> Click REFRESH
Remark
Total Revenue - Total Cost - Total Expenses = ProfitAfter done the year end closing the profit will post to Balance Sheet Retained Earned
Location
Adjustment > Closings > Year End Closing
Action
> Click PRINT
Ticking "Include Current Year End Closing" in Profit & Loss
Location
Adjustment > Closings > Year End Closing
Action
> Tick INCLUDE CURRENT YEAR END CLOSING
> Click REFRESH
Remark
If you have ticked on “Include Current Year End Closing”, it will show Zero value.Meaning that your year end closing is already b/f all the Profit & Loss items to your balance sheet and there are no more Profit & Loss items for this period.
Print the Balance Sheet report
Balance Sheet Report is presents a company financial position at the end of this financial closing period
Location
Report > Financial > Balance Sheet
Action
> Click on REPORT
> Click on FINANCIAL
> Click on BALANCE SHEET
> Enter your Financial Period End Date
> Click on REFRESH
Print Balance Sheet
Location
Report > Financial > Balance Sheet
Action
> Click on REPORT
> Click on PRINT
Remarks
Accumulated Profits & Loss is the Retained Earning from previous Financial Year.Current Profit/Loss is the Profit/Loss for selected financial year.
Ticking "Include Current Year End Closing" in Balance Sheet
Location
Report > Financial > Balance Sheet
Action
> Tick INCLUDE CURRENT YEAR END CLOSING
> Click REFRESH
Remark
Balance Sheet Report by ticking on “Include Current Year End Closing” The Current Profit/Loss figure will go to Equity Retained Earning Account
Include Current Year End Closing Balance Sheet Report
Location
Report > Financial > Balance Sheet
Action
> Click REPORT
> Click Print
Remark
Accumulated Profits & Loss will lump together for the Retained Earning from previous Financial Year & Current Profit/Loss for current financial year.
Print the General Ledger report
Location
Report > Financial > General Ledger
Action
> Click on REPORT
> Click on FINANCIAL
> Click on GENERAL LEDGER
> Tick PERIOD
> Tick Balance B/F
> Enter your Financial Period Date
> Click REFRESH
> Click REFRESH
Print out General Ledger
Location
Report > Financial > General Ledger
Action
> Click on REPORT
Location
Report > Financial > General Ledger
Action
> Click on PRINT
"As At" General Ledger Report
Location
Report > Financial > General Ledger
Action
> Tick "As At"
> Click REFRESH
> Click REPORT
> Click PRINT
Print Trial Balance Report
Location
Report > Financial > Trial Balance
Action
> Click on REPORT
> Click on FINANCIAL
> Click on TRIAL BALANCE
> Tick PERIOD
> Enter your Financial Period Date
> Click REFRESH
> Click REFRESH
> Click REPORT
"As At" Trial Balance Report
Location
Report > Financial > Trial Balance
Action
> Tick AS AT
> Click REFRESH
> Click REPORT
> Click PRINT
Related Articles
Year End Closing / Post
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