Enter your accountant's year-end adjustments

When your accountant sends back adjusting entries at year-end (depreciation, accruals, reclassifications) enter them here:

1. Go to Ledger › Accounting › Year-End.
2. Set the Fiscal year end, then under Add an adjusting entry enter the memo and the debit/credit lines, and click Add entry. Repeat for each entry; they wait in a Ready to post list and nothing is posted yet. When every entry is in, click Post (the button counts them, for example "Post 3 entries") to post them together.
3. Review the Trial-balance movement and the resulting net income, then Lock the year when you're done.

Adjustments post into an open fiscal year and must balance. A year takes one batch: once it is posted the entry form is replaced by a note, so to change the set click Discard all under the Trial-balance movement and enter the full set again. If the year is already locked, reopen it from Period Lock first. Locking the year here uses the same period lock, freezing everything on or before the year-end date.

This screen is for the business owner or a full-access bookkeeper.

If one of the adjustments is the closing stock figure, record it as a stock count instead of keying it here. Ledger › Accounting › Stock counts takes the counted value, works out the difference against your books, and posts the entry for you. See "Count your stock and post the adjustment".