|At the end of an accounting year, use the menu selection
System - Year End.
Fill in the screen as shown below, and
click 'Continue'. A year end transaction will be created in the General Ledger. The effect of the
transaction is to zero out your income and expense accounts, and create an offsetting Credit to
your selected 'Retained Earnings' account. This should be done at the end of your accounting year,
in order to begin the tally of your income and expenses for the new year.