How to transfer balances from the previous year?

Modified on Wed, 6 Nov, 2024 at 9:33 PM

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 "Opening Balance".

Then click on "Update from N-1".

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

Then click on "Execute".