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-   -   Accounting income summary (https://www.askmehelpdesk.com/showthread.php?t=494025)

  • Aug 1, 2010, 05:52 PM
    karenr888
    Accounting income summary
    There are only a few categories that closed when doing an income summary. Could you please remind me? Thanks
  • Aug 1, 2010, 09:21 PM
    ROLCAM

    When doing an Income Summary,
    ALL Income and Expenses Accounts finish up being closed.
  • Aug 3, 2010, 10:47 PM
    morgaine300

    Then you also close the Income Summary, and finally the dividend or drawing account, whichever you have.

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