Forum

Closing Balance Carry Forward Functionality

Posted in CategoryCustom App/Work
  • Himanshu Dwivedi    ( User ) 3 months ago
    Anyone working on Carry Forward closing balance of previous financial year to opening balance of current financial year.

    It should reflect in balance sheet and general ledger
  • Nassim Nasibullah    ( User ) 2 months ago
    i think it is missing part and need to add it
    When a firm ends an accounting year and it takes the closing balance - the last balance in the accounts at the year-end - and carries it forward to the new financial year accounts. It then becomes the opening balance - the first entry in the new financial year.

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