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14Hi,
What is the best practice in Business Central regarding Closing accounting periods and Income statement? Is it better to wait for Audit to be completed or We can close the fiscal year and income statement before audit has taken place?
Kindly guide me on this as I have been asked by the accountant to close the year and income statement so net income can be moved to Retained earnings but i heard is better to wait for audit to be completed as auditors might make adjustments.
Looking forward for a reply as soon as possible
Noman
What is the best practice in Business Central regarding Closing accounting periods and Income statement? Is it better to wait for Audit to be completed or We can close the fiscal year and income statement before audit has taken place?
Kindly guide me on this as I have been asked by the accountant to close the year and income statement so net income can be moved to Retained earnings but i heard is better to wait for audit to be completed as auditors might make adjustments.
Looking forward for a reply as soon as possible
Noman
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