G/L END OF YEAR
The following programs should be run in the presented order, after completing the 12th month of the fiscal year:
Note: The 12th period should be closed including GLS, set up for new month.
GLCR - CLOSE TO RETAINED EARNINGS Adds current years earnings to retained earnings. Do NOT make any other entries in the 13th period.
GLTB - TRIAL BALANCE
When prompted for current period number, enter 13.
GLIS - INCOME STATEMENT (optional)
GLBS - BALANCE SHEET (optional)
GLS - SET-UP FOR NEW MONTH
GLHU - HISTORY UPDATE. You must run "GLHU" - Allows current years totals to be moved to last years totals. Changes last fiscal period completed to zero. Last years history will still be in GLHI but will be inaccessible after the GLS for the first period of the year is run.
GLS for the first period of the year clears last years history and starts the history for the new year.
If you need a copy of any of the history accounts, you will need to print the history for the account before GLS is run.