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The Ledger Lowdown: Before You Close Your Fiscal Year...
After your audit is complete, there are some things you need to do before actually closing the fiscal year. The process includes creating, printing, and comparing the Trial Balance, Income Statement, Balance Sheet, Statement of Activities, and the General...
The Ledger Lowdown: Time for a New Fiscal Year
As 2008 quickly comes to a close, make sure you are prepared for next year by creating your 2009 fiscal year today. This will ensure a smooth transition from one year to the next without interrupting data entry. Here's how: In Configuration, click...