I was wondering if someone could help me. I use Quickbooks Pro 2008 and also Premier 2008 for someone else, I need to do year end and wanted to know if like SAGE instants when you press the year end button it automatically does the year end and then starts with the new financial date ie say for instants 1st April.
I know when you do a VAT return it automatically sets a Closing date although this does not effect any of the balances in say either the Creditor or the Debtors list. All it does is pop up when you enter a transaction before this date and says this could effect previously Filed VAT return!
I use SAGE instants V12 and V10 and when you press the Yr end button it automatically adjusts all the balances and send them to the P & L of the Bal sheet.
With Quick books I am showing a whole list of say Creditors with outstanding balances relating the yr end just gone.
