Year Closing Operations in the Czech Version
To comply with accounting legislation (Accounting Law 563/1991 §17) at the end of the fiscal year, the following account books must be closed or opened:
- Close Profit and Loss Accounts (Close Income Statement)
- Close Balance Sheet Accounts (new Close Balance Sheet report)
- Open Balance Sheet Accounts (new Open Balance Sheet report)
Changes Included
- Close Income Statement – Standard report Close Income Statement improved.
- Close Balance Sheet – Report Close Balance Sheet added. This report creates lines in General Journal. These lines contain posting to the Closing Balance Sheet account.
- Open Balance Sheet – Report Open Balance Sheet added. This report creates lines in General Journal. These lines contain posting to the Opening Balance Sheet Account.
See Also
Core Localization Pack for Czech
Czech Local Functionality
Finance
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