Guideline on how to process year-end Closing Journals for ADB and Non ADB ledgers respectively
Hi,
We are soon in year-end closing processing, appreciated if you could share detailed guideline on how to process year-end Closing Journals?
For ADB and non ADB ledgers respectively,
- how many adjustment periods needed at the end of current year and in the beginning of next year, and why?
- in which period the Create Income Statement Closing Journal process needs to be run?
- do we need to reverse the closing journals and why? and if yes, in which period?
Regards,
Ewan
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