Forum Discussion

Stonegalleria's avatar
Stonegalleria
Experienced User
3 years ago

Correct Balances

Hi Team,

Looks like all accounts (Trade Creditors, Trade debitors., etc) Balances were being carried forward to current accounting period from the previous accounting period ( not sure from which year). Please help to fix this so that I can have a correct or Zero balance. My current Financial Year is 2023.

1 Reply

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  • gavin12345's avatar
    gavin12345
    Ultimate User
    3 years ago

    Hi Stonegalleria 

     

    I suggest you discuss this with your accountant first before trying to make any changes. Normally the Assets and Liability and Equity account balances carry over from year to year. It's only the P&L accounts that get reset to zero.

     

    Regards

    Gavin

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