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#41680 - 05/27/14 07:16 AM Prior Year Adjustment How to Close
ILHS Offline
Casual

Registered: 03/12/13
Posts: 12
Loc: Victoria, BC
Hi

I need to make an adjustment to the revenue of a prior year. When I post this batch there will need to be another year end closing entry. How do I properly close the year end revenue to equity?

Thanks

Carol

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#41683 - 05/27/14 07:23 AM Re: Prior Year Adjustment How to Close [Re: ILHS]
Retired_Guy Offline
Adagio Master

Registered: 03/16/99
Posts: 10504
Loc: Canada
Adagio Ledger will close the entry to retained earnings automatically.
_________________________
Andrew Bates

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