Year end closing - account transfer
Hello,
the page https://www.zoho.com/books/kb/general/closing-opening-balance.html says that ZOHO automatically handles the closing and reopening of accounts. What what does that mean exactly?
Will, at the end of a year, revenues and expenditure transferred to capital account as a profit and loss or will I have to do this manually bs using a journal?
Can you give an example of the process?
Topic Participants
Christian Lenz
R Divya
Ty Griffin
Isaac Annor
jlramirez
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