Dillner's Accounting Tools > section > Setup
You can define parameters for closing accounts in the Equity section to Retained Earnings, Members' Equity Accounts, or Owner's Capital Accounts. When the client file is closed to Period 1, an entry to move the balances from the selected accounts will be made. These closing entries may be made to Period 1 of the new year or Period 13 of the year being closed. The current Profit/Loss amount will automatically close to the Prior Profit/Loss account.
Year End Allocations
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