From: Rich S. <rsh...@ap...> - 2008-01-08 16:15:16
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On Tue, 8 Jan 2008, Ben Dugan wrote: > Thanks. I have tried this in a 'sandbox' copy of our accounts, and now I'm > trying to understand what it did. These things take time for me to > understand, but I wanted to say thanks right away. Ben, The year end function creates a G/L transaction offsetting income and expense accounts to zero. It also does not remove transactions or close a period; you may run the year end anytime. The Journal entry is the same as other G/L entries, but the transaction will be on income statements. Rich -- Richard B. Shepard, Ph.D. | Integrity Credibility Applied Ecosystem Services, Inc. | Innovation <http://www.appl-ecosys.com> Voice: 503-667-4517 Fax: 503-667-8863 |