This program needs to be able to actually close the books when closing. Currently it only changes the year, it doesn't close my income statement accounts. Manually doing a journal entry is not helpful because I can't see my prior years information without reversing that journal entry.
Also there shouldn't even be an opening balance option for income statement accounts.
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I will never recommend this program until it can do this properly... like ALL of the other competitors. This is absolutely ridiculous to ask clients to post a journal entry to close the books, when most don't even use the program to do journal entries in the first place.
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Effectively, it is a none sense!
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Totally agree - just posted a similar idea!
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