Year end

Following the online training and testing the trial version, I see the profit for the year doesn't get posted to the profit and loss account until the year end is completed. Is it possible to distribute  this to other reserve/partner capital accounts on the last day of the year and re-run the balance sheet as at the year end? I hope that makes sense.

  • 0

    Hi,

    You could use journals however when you run the year end it clears all the balances down so if you move the balances you'd need to be aware of that.

    Maybe reach out to an accountant for advice but by default, there is no automatic feature that would do this.

    Ian