End of year
Posted 19 January 2012 - 04:19 PM
I had to tell them that I can not find it as well. Is it me or have they move it or renamed it.
As I am typing this I am also thinking it is soon time for me to do my end of year as well. If this is missing it will be a very big bug for a lot of us.
I am using version 4.44 and also my customer is
Posted 22 May 2013 - 10:14 AM
Thanks for the support
Posted 22 May 2013 - 05:55 PM
Posted 05 October 2013 - 08:11 PM
Posted 24 October 2013 - 09:43 AM
I have the version 4.72. I ask myself if I have to face the same problem about year-end closing.
.?I mean is there a specific procedure in the menu to run the year ending closing or by filling in the date in the option "Fiscal year end:", it will be processed automatically
What 's happened when enabling Closed-to-date option ?
Thanks for your assistance.
Posted 02 November 2013 - 06:47 AM
Does this help if you havent already found it.
Posted 19 February 2014 - 12:16 PM
This does not however give an 'end of year' clear down - looks like you have to go through each of your accounts and enter a zeroing balance - is this the case ? have i missed something?
Posted 19 February 2014 - 09:24 PM
Express Accounts runs on a rolling year. That is to say, there is no function in which to end or close a financial year at its conclusion. Unlike some other accounting software products, Express Accounts does not work on current year earnings and retained earnings basis, but rather the retained earnings account is an ongoing account that records any money earned or lost during previous financial years in addition to current year earnings. This means that the retained earnings account in Express Accounts is a record of all the money to date that the company has earned.
Not the answer that I was hoping to receive, but I can create a journal entry to clear the sales and expense accounts and dump it to a retained earnings account. I really hope that this is corrected in the near future. For all of the nice features that Express Accounts has, this seems to be a real miss in my opinion.
Hope this helps.