I’m new with Manager and not very bright in book-keeping. What must be done at the end of a financial year to get the requred reports and to reset temporary accounts such as revenue and expenses?
You might want to click
Customize button on
Summary tab to set start of a new financial year. Other than that, nothing is required.
Im running the desktop edition and cant seem to reconcile the new years accounts. I changed the the date to start the new financial year. When I go to reconcile, it tells me I have to put in the annual satrting amount for last year and when I do that it still does not allow me to reconcile!..Confused? I am!
Can you post screenshot where you got stuck?
Seem to have sorted it…Thanks