• Once your account is finalized you need to close the books of account. After the book is closed it prompts whether you want to profit n loss to capital account or not.


    1. Open an existing company following Open Company.
    2. Click "Utilities" from menu-bar and select Company > Close Books Of Accounts from drop-down list.
    3. A window "Close Books Of Accounts" will open as shown below.


     


Profit & Loss A/c

Select the profit n loss account.

P & L Amount

Write profit n loss amount.

Closing Stock A/c

Select the closing stock account.

Account Name

Write the account name.

Stock Value

Write the stock value.

Stock In Trade A/c

Select the stock in trade account.

Account Name

Write the account name.