How to transfer accounts to new financial year

Aug 10, 2006 0 Replies

hi all,



The fiscal year close option in GL usually allows us to close the current year and transfer the balances. The transfer method RESET defines that u can enter new balances. But no such field is seen where new balances can be entered for a account.



Does it mean that the account is reset and its balance is set to 0?



The basic idea is from demo data, i want to create all accounts for the relevent accounts thereby entering new balances.



Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required