Storing End Of Year Balances
At this stage we assume that you have already created a new DataFile for the new year and you are now ready to delete last years transactions.
To save time, instead of re-entering all opening balances from scratch, you can save them and reload them for the new year.
This can be achieved by:
- Saving all balance snapshots from the previous year
- Deleting all transactions
- Loading the closing balances from last year instead of re-entering them manually
Open A New Invoice
- Open the 'Invoice' module and click 'New' to create a new invoice.
Save The Balances
Important Alert
- At this point no adjustments were made so even after you apply the adjustment (next step) the invoice looks completely empty. However, the snapshots of the account balances are stored in a storage area that is not visitble in the invoice. It is important to remember to save the invoice after applying the adjustments.
- Click 'Apply Adjustments'.
Delete Last Year's Transactions
- Click the 'Support' tab from the menu bar then hit 'Delete all Transactions'.
Create A New Invoice
- Now it's time to create a new Invoice and reload the End of Year balances.
- Open the 'Invoice' module and click 'New' to create a new invoice.
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