How do I close the books on Quickbooks when a very small company goes out of business?
QB beginner asked:
This company has a couple assets and liabilities from 2006, including negative Capital accounts. Does everything need to zero-out? My Journal entries will cause income on the final tax return. Is this correct?
Oswaldo
This company has a couple assets and liabilities from 2006, including negative Capital accounts. Does everything need to zero-out? My Journal entries will cause income on the final tax return. Is this correct?
Oswaldo
