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Status Idea Accepted - Gauging Support
Categories Year end
Created by Vicky Poole
Created on Oct 17, 2017

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Make Year End Journals Double Entry

The year end routine posts a one sided journal to the retained profit account and adjusts the balances on the headers of the P&L accounts, but this means if you want to do any transaction based reporting spanning multiple years (lots of customers do..) it is very hard to do so because the sum of transactions will never add up to the current balances on the accounts without a lot of work in SQL views to get there. Not sure why the year end journal can't post as a proper double entry journal against all P&L accounts and the retained profit one?

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1 MERGED

When processing a year end, for the system to produce a year end journal to P&L clear balances.

Merged
To posts a journal transaction line to the P&L Reserve account on the Balance Sheet and a journal transaction line to the P&L nominal code to clear down to zero, like Sage 50 does, This will then assist with running reports in the nominal ...
elaine disley about 8 years ago in Year end 0 Idea Accepted - Gauging Support