After running the year end tool are the transactions associated with the journals deleted ?
Are they not shown in future reports which include there date, e.g 1/1/2000 - 31/10/2024 ?
Hello @andymilner
No transactions are removed as a part of the year end process.
The journal clears down the balance of the profit and loss codes at year end to the balance sheet.
Balance sheet codes are cumulative meaning the run from when you started using the software up to the end date y9ou specify.
So once the YE is done, old transactions cannot or should not be modified ?
My big problem is accruals.
I often have to process receipts which are relevant to a future year event. The payment that relates to the event is made in the future year. I have been posting the receipts into an accrual account and when payment is due I post it to the accrual account.