Moving to RockifyERP · Guide 72 of 624
Opening and closing balances
RockifyERP calculates opening and closing balances for every account and period automatically. You never have to carry balances forward by hand.
What you need to know
- Balance sheet accounts carry their balances forward into the next year automatically.
- Income and expense accounts start each year at zero after you post the period closing voucher.
- Reports such as the trial balance show opening, movement and closing for any date range.
Tip: Post the period closing voucher once your accountant has finalised the year. See Close the books for the year.
Need more help with RockifyERP?
Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.