after closing statement balance is carry foward in next year

panthersingh

hi
when i have closed fiscal year and run the batch job, post it and I saw expense is carrying forward to next year I m unable to figure out what is going on. After closing statement expense is not carry forward in next year..
Please help me in this matter how can i solve this problem

thanks in advance

ssingla

After the batch job, the balances of Income Statement account is transferred to Retained Earning account and is not carried to next year.