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How do I close my books for the financial year?

edited May 2014 in Accounting
You will have to manually create a journal voucher (JV) entry for all the headings under your P&L. Below are several screen shots showing you how to do that for 2 headings such as Intra-day Profit/Loss and Dividends. Of course you would have to do that for all the headings in your P&L.

Profit and Loss BEFORE closing the books on Intra-day Profit/Loss and Dividends:
image

Journal Voucher to be created:
image


Profit and Loss AFTER closing the books on Intra-day Profit/Loss and Dividends:
image


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