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May 2021
May 2021
My Accountant has asked me to enter End of Year Adjustments.
She has listed Example below.
CREDIT DEBIT
Investments $4200
Office Equipment at Acc Dep'nc $6514
Can someone give me an example of how this is done and how it should look.
Feeling clueless today.
Solved! Go to Solution.
May 2021
May 2021
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.
Cheers,
Tracey
Previously @bungy15
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June 2021