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 ?

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Presenting consolidated financial statements this year when statements of indivi...
Posted by:
Rehan Qureshi
10-January-2016

Financial Reporting

Question added by Yasir khan , Accountant , JABER AL BALUSHI TRADING
Date Posted: 2016/03/22

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1 Answers

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/

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