Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the step in closing financial statement in Sage Peachtree (Or any software) because when you enter any transaction, automatically it effect all the relevant accounts, so no need for further closing entries ?

Financial Reporting
user-image
Question added by Yasir khan , Accountant , JABER AL BALUSHI TRADING
Date Posted: 2016/03/22
Upvote (0) Views (6) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Mohamed Hakeem Meerashahib
by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation

Thank for inviting.

Yes, indeed. There are couple of steps of closing entries to make.

For further reference visit to

http://learnthat.com/peachtree-accounting-training/1/

Write Your Answer
More Questions Like This