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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Wed Mar 16, 2005 12:18 pm Post subject: Quickbooks question |
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We have a client, and took over his books December 20,2004, he started his business April 5,2004, but we started his business December 1st,2004 I am learning in the UAC quickbook training that his profit/loss accounts will zeroed out December 01,2005. Did I understand this right? How do we handle this in quickbooks?
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Guest
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| Posted: Thu Mar 17, 2005 2:46 pm Post subject: RE: Quickbooks question |
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| P/L accounts always "zero out". You don't have to do anything special, QB will just do it as of the year end. |
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