End of Year Accounting - Does Wave Do This Automatically

waver

Hello Wave Community!

I'm approaching my first full year of using Wave Accounting and wanted to know if I Wave automatically does all the necessary account reconciliation at the end of the financial year (e.g. clearing the Owner's Drawings account).

Or am I wrong and have to actually do all these manually at the end of each financial year?!

Thanks for the help people!

• Waver

JudeRose

I think you have to do it manually, happy to be wrong tho

Kirk

@waver our friend @JudeRose is correct - you will need to close your books for the year.