End of Year adjustments

Question

My Accountant has asked me to enter End of Year Adjustments.&nbsp;She has listed Example below.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;CREDIT&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DEBITInvestments&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$4200&nbsp;Office Equipment at Acc Dep'nc&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$6514&nbsp;Can someone give me an example of how this is done and how it should look.Feeling clueless today.&nbsp;&nbsp;&nbsp;&nbsp;

tracey_h · Accepted Answer

Hi&nbsp;Louise72&nbsp;
&nbsp;
Thanks for your post. End of year adjustments are recorded as general journals in Accounts&gt;&gt;Record Journal Entry.&nbsp; Based on your example it would look something like this:&nbsp;
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Your accountant will have given you a list of accounts and amounts, enter them all into the one journal transaction because they will balance back to zero
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This help article has more information you may find useful: End of year adjustments
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Please let me know if you need further help.
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If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

louise72 · Answer

Spoiler (Highlight to read)Thank you Tracey!Thank you Tracey!

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End of Year adjustments

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