We would like to close the fiscal year, and have Income accounts close to their respective Retained Earnings.

For example: All accounts with Dept 100 will close to R/E #3000-100; Dept 200 will close to R/E# 3000-200; etc.

I do not see an easy way to accomplish this.

My work-around is:
1. Edit Company Profile & set the Default R/E account to the first Dept: 3000-100
2. Close Income/Expense Accounts, and carefully select Dept 100 to 100
3. Go back to step 1 and repeat for the next Dept

This works, but we are asking for trouble, because the company maintains about 15 Dept’s. So, we have to go through this routine 15 times. Mistakes could happen.

Am I missing something? Is there an easier way to do this?

Samuel.

Review the information in EDIT/DEPARTMENTS. There you can set the retained earnings account by department for closing.

(Old Accpac sites may not have the Dept list fully populated.)

David

David:
Thank you for the quick reply.
Yes - all we have to do is set the appropriate closing account in the "Edit Dept" section.

That's why this forum is of value - sometimes obvious things that I miss, I can have my colleagues assist me.
Thanks again!