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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Posted by:
Rehan Qureshi
10-January-2016

Financial Reporting

Question ajoutée par Yasir khan , Accountant , JABER AL BALUSHI TRADING
Date de publication: 2016/03/22

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Mohamed Hakeem Meerashahib

par 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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