Balance Sheet accrues previous years' data

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Posts: 2
Joined: 14 Apr 2014 09:07
Product: Cashbook
Region: New Zealand

Balance Sheet accrues previous years' data

Post by DocZoe » 22 Apr 2018 14:26

My balance sheet totals show totals for drawings and provisional tax paid, kiwisaver contributions, and terminal tax paid that are running totals - ie the accrued amounts since I began using Moneyworks a few years ago. Can someone please tell me how to get these accounts cleared so that the totals on the balance sheet only report the current financial year's totals? I could create a journal, but what would the other side be? Many thanks.

Posts: 4
Joined: 26 Apr 2018 03:18
Location: USA

Re: Balance Sheet accrues previous years' data

Post by BellaHamilton » 20 Nov 2018 18:53

Accrued wages?
Where do Treasury Stock (at cost) and Accrued Wages go on the balance sheet?

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