Accounting Ideas

Closing the books

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.

  • Guest
  • Apr 2 2020
  • One For The Future
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  • Guest commented
    12 Oct, 2021 06:55pm

    Effectively, it is a none sense!

  • Guest commented
    14 May, 2021 01:06pm

    Totally agree - just posted a similar idea!