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September 18, 2020
Question

Are sales equity supposed to closed out from trial balance?

  • September 18, 2020
  • 1 reply
  • 0 views

Does my trial balance look alright, or do I have to zero out the "sales of product income"? Due to it being a contra account?

1 reply

PatriciaT
September 18, 2020

Hi tonjunee,

 

That's a very good question you can discuss with an accountant. Accountants are great resources when it comes to analyzing your books and making sure everything is lining up correctly. You can invite your accountant to give access to your account by going to the My Accountant menu. If you don't already have an accountant on your side, use the Find a pro to help link to review our database of QuickBooks-certified pros near you.

 

All the best to you!