its for magazine company . So i made a jounral entry like for sales cash dr 200 to sales2017 cr 200 Now note what i have done is made a book for year 2017 is this a right concept .. or will i have a complete sales book .. which means starting year 2010 to 2017 Is this concept of book being for 2017 right so if i made like this a sales book seperatley for year 2017 are there any other additonal books to be maintained.
I am making some software package with accounting feature
Answers
My advice is to hire a highly qualified full-charge bookkeeper or accountant. You may even need to hire a outsourced CFO (ok, a little plug).
Truthfully, there are so many potential issues with the thought process above that it is out of the purview of Proformative to provide this type of assistance.