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Year End error: G/L Variables: Retained Earnings past End of Balance Sheet - Abort!

An error occurs when doing Year End:

 

G/L Variables: Retained Earnings past End of Balance Sheet - Abort!

 




This error can happen if the G/L variables were not setup correctly.


The user must set End of Balance Sheet, End of Revenue account & Retained Earnings Account in G/L Variables. Then click OK and restart EPASS.


If you don’t know which account to pick you should check with your accountant.

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