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.