Skip to Content
0
Former Member
Nov 28, 2006 at 02:45 PM

Year end closing (Balance carried forward

696 Views

Hi

Please help. Our company did not do a year close on debtors and vendors. I realised it now with certain debtors, that their closing balance (June 2006) do not agree to the opening balance (July 2006).

Can one do a closing on the sub-ledger (Debtors & Vendors) as well as for the GL. What affects will it be having on our books or is it save to do it.