Final Account

Final account is used at the end of a financial year, often in preparation for an audit.

It cleans all the Revenue and Expense to Retain Earning to the beginning of next accounting periods.

Create Final Account

1. Main Menu > Accounting > General Ledger > Final Account;
   
   
2. Select Up to the end of date;
   
3. Click Create Profit and Loss Journal;
   
   
4. Done.