Make an Adjusting, Closing, and Reversing Entry?

[Akbar_Rizky]

How to make an adjusting, closing, and reversing entry? I’ve found this link but it shows page not found
http://www.manager.io/guides/miscellaneous/closing-accounting-periods/

[sharpdrivetek]

please search the forum before posting new topics.

read the below topic.

2017 Year End Procedures

I come to the end of my first year using Manager Accounting. I was reading here https://forum.manager.io/t/unclear-on-year-end-procedures/2048/3 Seems like all I really have to do is open a business in Manager Accounting. Then go to Summary >> Set Period >> Set Period >> From Change the date to my new start date. For me that means changing 1/1/2017 to 1/1/2018. If my payroll would be weekly, I usually ought to make some entries to split the week between the old year and the new year. Looks…

[Tut]

@Akbar_Rizky

I’ve found this link but it shows page not found

Supporting documentation has been restructured several times since that link was created. The article is at Manager Guides. You can always check the index at https://guides.manager.io/, which appears in the menu bar of this web site.

[Akbar_Rizky]

How about the adjusting and reversing entry? Should I entry like the general entries?

[Tut]

The answer depends entirely on what type of adjusting or reversing entry you are making. Most would be made under the Journal Entries tab.

[Akbar_Rizky]

For example: Salaries expense (debit) and salaries payable (credit). I should entry this in the Journal Entries?

[Brucanna]

@Akbar_Rizky

Salaries expense (debit) and salaries payable (credit).

Are you referring to a standard transaction or an adjusting (amendment) transaction.
If a standard transaction then that could be done via the Employees and Payslip tabs.

[Akbar_Rizky]

I mean an adjusting entry that can be reversed

[Davide]

You should go with journal entries