account entry as I said then look at the account types
On Fri, 23 Feb 2018 at 7:05 am, Dan Carpenter mailto:danpcarpen...@gmail.com>> wrote:
Thank you Dave H. for your quick response.
The Account Type display box shows only: Bank, Cash, Asset, Credit Card,
Liability, Stock, Mutual F
Adrien, general accounting principles close the books at the end of the fiscal
year. This process in most accounting software updates the Equity with the
profit or loss balances and then zeros the income and expense accounts to begin
fresh for the new year. I am just starting with testing this
e a top level expense
account, Then create your expense accounts under the top level expense account
just created. Same holds good for Income Accounts.
Easier to start with one of the pre-defined COA's and adjust to suit perhaps :-)
Cheers Dave H.
On 23 February 2018 at 06
Hello,
While attempting to set up a chart of accounts, account type does not include
Income or Expense. Is there a fix or a table I can update?
Thank you. I am testing this system for simple accounting/bookkeeping for a
friend’s small business.
Dan
