How to transfer balances from the previous year?

Following changes made in fiscal year N-1, to update the opening balances in year N, go to the Year and Closing menu and click on "Update from previous year".

The balance sheet account for carrying forward the result is automatically selected and corresponds to the one that was entered when the new fiscal year was opened.

    1.  Check the option if you want to recreate the balance sheet accounts with a zero balance at the end of fiscal year N-1

    2.  Check the option if you created new accounts in N-1 since the creation of the new fiscal year. This will also create the new accounts in N

    3.  Check the option if you want to update third-parties from the previous year

Then click on "Execute".