Year End Process

jaiverma2k2

Hi,
I've close the F.Y. from Accounting Periods - Close Year.
After this i 've run the Close Income Statement Batch job, then i post those entris from 'General journal'.

But even after all this process the balance of Income-Expense head is carry forawrd in next F.Y.
How did i nullify them? pleas suggest.

Regards
Jai Verma

Alex_Chow

When you run the close income statement process again, does any entry come up?

If not, then you're looking at the G/L balances incorrectly.

jaiverma2k2

There is no entry after again running the 'Closing Income Statement'.

The year closing date is 31st Mar 2010

now if i see any expense ledger from 01 Apr. 2010 then it shows the opening balance wheras it should be zero.
please suggest.

ssingla

How do you calculate date for your opening balance? Just include the closing date formula for that i.e. ledger starting from 1st Jan 2010 should be have the calculation formula 0D to C12/31/2009 to calculate the opening balance.