I am going through the year end/audit process and went to pull a TB for July. the beginning balances on the TB are all 0. I closed out June so what else do I need to do?
I am going through the year end/audit process and went to pull a TB for July. the beginning balances on the TB are all 0. I closed out June so what else do I need to do?
I would check with your auditors. They tend to have odd requirements.
I think I found it. I have not closed the fiscal year. I can do that even though the audit is not complete right? (silly I know but I am coming from QuickBooks) All the accounts are showing zero.
Have you closed the previous fiscal year? Are these B/S or P/L accounts?
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