Allows transfer of G/L information to a "last Year's General
Ledger" area at fiscal year end.
From this area, users can make journal entries to Last Year's GL and can
print Last Year's GL reports and financial statements, all the way to the last auditor's
report.
Once auditing is complete, the closed off GL is pushed back into the
"live" or "this year" directory. This process also summarizes
the P&L accounts into retained earnings.
SPECIAL FEATURES
Print audited financial statements directly from JP Brown program.
Final figures easily merged back into current year.
Eliminates monthly purging of prior month's GL Details.