Hi,
When I run "Create New Year", the closing entries are not being created. All Income Statement accounts have their balances rolling into the new year. I tried the process on a test copy of the database and got the same results.
What would be the reason that the closing entries are not getting created ?
I ran a Data Integrity on GL and it came out clean.
Puzzled as I have not seen this before.
Appreciate any pointers...
Regards,
Ubaidullah Nubar.