Close Your Accounting Periods

Close Your Accounting Periods

January 18, 2018

Customers of Patriot’s Accounting Software can now close out a period frequency of their choosing (monthly, quarterly, annually) in order to keep their books clean. When a period is closed, Patriot will make an automatic journal entry to bring all income and expense accounts to a zero balance, and carry forward the correct equity account balances into the next period.

For more details, see the help article How To Close Your Accounting Period.