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Closing stock

Sitiaminah_96Sitiaminah_96 Member Posts: 1

Hi. I need a serious help. I am using the older version of Wave accounting system. Can I know how to insert my closing stock? I want to close the account. Really appreciate if you can help me.
Thank you.

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edited August 30, 2018 in Wave Features

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    AlexiaAlexia Member Posts: 3,314 ✭✭✭✭

    Hi, @Sitiaminah_96.

    Can you give me a bit more information? Do you just mean to close out your year? If that's the case, you don't have to! Wave doesn't close out years like other accounting software. You can always go back and get reports or edit transactions you've made in the past.

    If you're for the final numbers of your stock at the end of the year, you'll have to calculate that by hand. If you use our inventory management workflow already, that means you'll just add together the balance of all of your inventory accounts.

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