| Year end closing of accounts |
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| Two Types of Year Ending |
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| Year Ending without Final Voucher |
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No need to creating Final Voucher |
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All Asset and Liability heads balance will automatically transfer as opening balance to the new-year accounts. |
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Accumulated Profit/Loss will increased with current year profit/loss and transfer as opening balance to the new-year accounts. |
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User can view all reports in the previous year accounts. |
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| Year Ending with Final Voucher |
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Separate voucher type (Final Voucher-FV) for closing of accounts (for companies issuing closing vouchers); |
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Auto closing of Expenses/Income heads to trading A/c or P/L A/c or to any other selected accounts; |
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Transfer of closing balance of Assets/Liabilities head to opening of next year either provisionally or finally; |
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Ledgers, trial balance, balance sheet, income statement can be generated before (as provisional statements) or after (as final statements) posting of final vouchers. |
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| Voucher Posting |
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In AccLine Voucher Posting is simply block all vouchers up to a specific date from editing. |
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