Make an Adjusting, Closing, and Reversing Entry?

[sharpdrivetek]

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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…