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Closing journal entries
Posted: Tue Dec 18, 2018 5:21 pm
by rschlosser
Hello,
Is there a way to view the year-end closing journal entries Powerchurch generates? Do we need to close out all 18 months of "open" past months in order for PC to generate these closing entries?
Thank you.
Re: Closing journal entries
Posted: Wed Dec 19, 2018 10:29 am
by NeilZ
rschlosser wrote:Hello,
Is there a way to view the year-end closing journal entries Powerchurch generates? Do we need to close out all 18 months of "open" past months in order for PC to generate these closing entries?
Thank you.
As far as the entries, I don't believe they are available for viewing. However, you do not need to close any of those months. In fact, in v12 there's no need to close months at all.
That said, I'll point one of the techs at this topic to see if there's anything to add.
Re: Closing journal entries
Posted: Wed Dec 19, 2018 10:41 am
by Zorak
There are no actual entries to close the balances at the end of the month or year.
PowerChurch calculates the balances when you run the report.