My year has ended, last month but I’ve not yet run the year end. Am I ok to run this as normal even though I’ve not completed my usual adjustment such as depreciation etc… Basically can I still do journals and reporting will reflect them?
Also as I’m only a sole trader, the above journals will post to reserved but I only thought that was for Ltd company’s. What should be done to my Drawings account which has a high Dr balance? Do I just leave this to accum forever?
Thanks in advance - you guys are always really helpful.