Not complicated, its all about programming skill,creativity.
Major advantage is keeping multi year records not limit to 5 years,even 50 years is not a problem. If maintaining one single database, the high risk is there, slow accessing , processing when transactions start to snowballing and ballooning up… i won’t debate on this any further, let this matter to rest, just my 2 cents worth opinion.
@Tut When you close the Reatained earnings etc. Are you using Journal Entries to balance the accouts?
Retained earnings is never closed, because it is a balance sheet account. Read this Guide: Close an accounting period | Manager.
I found it elsewhere. Thanks!
i think you are making complicated this thread just not to show you are satisfied with the software.
Hi, where and what solution you found ?