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I'm in a right mess with year end

https://forum.makingithappen.co.uk/viewtopic.php?t=649

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I'm in a right mess with year end

Posted: 07 Apr 2008, 09:13
by Louise
Hi,

I'm doing year end and have run all the reports and done the year end wizard but I have brought forward balances on my profit and loss and I'm not sure which nominals to manually amend. Is the profit & loss supposed to be nil after the year end? :roll:

Posted: 10 Apr 2008, 11:59
by brucedenney
The P&L account should have a 0 brought forward balance.

However, you will get opening balance amounts to balance out any retained transactions on the account.
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