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Former Member
Oct 09, 2008 at 09:19 AM

Month end closing

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Hi,

I have searched the forum for some information about period-end closing.

The customer I have is a Romanian subsidiary and they need to do month-end closing at the end of each month: the expenses and revenues accounts to get zero at the end of the month and the p/l account to be debited with the difference (revenues-expenses).

No other accouns should be involved and the p/l account should be used only once (not like a opening balance in the next month).

The trial balance that is printed at the end of each month has to have the expenses and revenues accounts on 0.

Is there any way I can do this with standard SBO?

Thank you in advance for all your answers.

Irina