Year End Closing will be use to close This year accounts and brought forward all balance to next year opening, P&L closing will be updated to Retained Earning.
Company Name - Company Name.
|•||Reg# - Registration no / Tax no.|
|•||Currency - Currency Name, must be domestic currency.|
|•||Address - Mailing address of the company.|
|•||Phone#, Fax# - Phone & Fax of the company.|
|•||Fiscal Year - Current Financial Year.|
|•||Start Month - Starting Month of current financial year.|
|•||Invoice Acocunt Settings - Settings of Account for AR, AP invoices.|
|•|| Ellipsis button for Master files. |
Invoice Account Settings - To be use in AR / AP invoices and payment
|1.||Account Payable - Account created must be type Current Liability.|
|2.||AP Discount - Account created must be type Revenue / Expenses.|
|3.||Account Receivable - Account created must be type Current Asset.|
|4.||AR Discount - Account created must be type Revenue / Expenses.|
|5.||Sales Account - Account created must be type Revenue.|