Year End Transaction.

Does anyone know if peachtree creates year-end transactions & clears the older transactions when the fiscal year closed or accounting period is changed. I use peachtree quantum 2007. While trying to recreate a sample company (SBD) i found that the trial balance do not match when imported for the 2 years. Note that the company I try to recreate is in the fiscal year 2007.

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Giruba SP
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