This screen is to be used once a year when the financial year ends. Specify only the period in this screen and click on Yes. Doing so will carry forward the balances onto the next year.
Contents
Revisions
- March 10, 2015 @ 07:28:39 [Current Revision] by vv
- March 10, 2015 @ 07:28:39 by vv
- March 10, 2015 @ 07:26:33 by vv
- March 10, 2015 @ 07:25:33 [Autosave] by vv
- March 10, 2015 @ 07:21:42 by vv
- March 10, 2015 @ 07:16:29 by vv
- March 10, 2015 @ 07:15:13 by vv
Revision Differences
| March 10, 2015 @ 07:16:29 | Current Revision | ||
|---|---|---|---|
| Content | |||
| Deleted: <span style="color: #000000;">An <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/accounting- procedure.html">accounting procedure</a> undertaken at the end of the year to close out <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/business.html" >business</a> from the previous year, <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/carry- forward.html">carry forward</a> <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/balance.html"> balances</a> from the previous year, and <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/open.html">open</a> <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/posting.html" >posting</a> <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/accounts.html" >accounts</a> for the upcoming year. Year-end closing is part of a <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/company.html"> company's</a> <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/closing- operations.html">closing operations</a>, and is used to <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/create.html">create</a> a company's <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/financial- statement.html">financial statements</a>. See also <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/month- end-closing.html">month-end closing</a>, <a style="color: #000000;" href="http:// www.businessdictionary.com/ definition/day- end-closing.html">day-end closing</a>.</span> | Added: <span style="color: #000000;">Year End Posting is an accounting procedure undertaken at the end of the year to close out business from the previous year. It carries forward balances from the previous year, and posts accounts for the upcoming year. Financial statements can be created from this data. Expenses are excluded from this posting. </span> | ||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2015/03/ | Added: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2015/03/yrendpo1.png"><img class="alignnone size-full wp-image-3099" src="http://help.goodbookserp.com/ wp-content/uploads/2015/03/ yrendpo1.png" alt="yrendpo" width="990" height="425" /></a> | ||
| Added: <div> This screen is to be used once a year when the financial year ends. Specify only the period in this screen and click on <em>Yes. </em>Doing so will carry forward the balances onto the next year.</div> | |||
| Added: <div></div> | |||
| Added: <div></div> | |||
| Added: <div></div> | |||
| Added: <div></div> | |||
| Added: <div></div> | |||
| Added: <div></div> | |||
| Added: <div></div> | |||
| Unchanged: <div></div> | Unchanged: <div></div> | ||
Note: Spaces may be added to comparison text to allow better line wrapping.
