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Louise72's avatar
Louise72
Contributing User
4 years ago

End of Year adjustments

My Accountant has asked me to enter End of Year Adjustments.   She has listed Example below.                                    CREDIT                   DEBIT Investments               $4200   ...
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi Louise72 

     

    Thanks for your post. End of year adjustments are recorded as general journals in Accounts>>Record Journal Entry.  Based on your example it would look something like this: 

     

     

     

     

    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

     

    This help article has more information you may find useful: End of year adjustments

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi Louise72 

 

Thanks for your post. End of year adjustments are recorded as general journals in Accounts>>Record Journal Entry.  Based on your example it would look something like this: 

 

 

 

 

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

 

This help article has more information you may find useful: End of year adjustments

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • Louise72's avatar
    Louise72
    Contributing User
    4 years ago
    Spoiler
    Thank you Tracey!

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