Hi Guys, Query from our Auditors as follows: " Is there a way to close down last years accounts on Bullet? Last years profit and loss figures have not been transferred to a reserves account". Any Advice?. Thanks. John.

Hi Guys, Query from our Auditors as follows: ” Is there a way to close down last years accounts on Bullet? Last years profit and loss figures have not been transferred to a reserves account”. Any Advice?. Thanks. John.

1 answer

Peter Connor Staff December 19, 2015
Public

Hi John,
We built Bullet for small businesses not big company accounts. It’s not that big company accounting is bad. But, it doesn’t suit SMBs.
So we built bullet to be day to day. 
If they want to do anything outside of our workflows they can just use the Manual Journal Entries. They can manipulate or do anything with Bullet using Journal Entries. Bullets, a full double entry accounting and payroll product. 
They find the Manual Journal Entries in Account & Reporting Tools.
Hope that helps.

#answer-2335

Please login or Register to Submit Answer