Does the software/application automatically close all income statement accounts into retained earnings when performing a year-end closing or is a manual closing entry required?
Related Questions
- Does the software/application automatically close all income statement accounts into retained earnings when performing a year-end closing or is a manual closing entry required?
- Setup accounts and categories Do you use desktop financial application as the primary software for tracking?
- When I make prior year entries to income or expense accounts, how are earnings updated?
