Difference in opening and closing balances

You MUST be a taxpayer OR... you work for the government.

A

The balance sheet is part of the double entry bookkeeping method that dates back to the 14th century. Producing and understanding a balance sheet is a complex matter to be undertaken only by those who have a grounding in accountancy.

The balance sheet is where the calculated totals of the bookkeeper's work are brought together with a number of fairly notional figures for depreciation/appreciation of stock, equipment, buildings, land, certain taxes and liabilities and so forth. To the experienced a balance sheet can show the worth of a company.
A person needs to be formally taught the process of producing a balance sheet.

For most people most of the time when a business is not either a limited company or a limited partnership and there are minimal assets the balance sheet is an unnecessary expense and a Trading and Profit and Loss Account will suffice.

When evaluating and comparing accounting software you need to look for these important modules:

• The application needs to have the capability of creating invoices with customized looks and data.
• It needs to track expenses, follow inward/outward stock movements and manage inventories.
• It needs to record voucher entries and import bank transactions through bank reconciliation.
• It needs to create purchase orders and record inventory purchases. It also needs to record account payables/receivables, trial balance reports, balance sheet and profit/loss statements.
• The accounting software also needs to manage a list of vendors, customers and taxes.

Banking Financial tools for small business Billing GST filing POS

Jack, compile statement of profit and loss. Check the attached links,instruction and guides, Good luck
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How to Prepare Profit and Loss Income Statement Edward Lowe Foundation
Sample Profit Loss Statement
What is the difference between compiled and certified financial statement...
statement of profit and loss format Google Search

Reasons for Account Closure


In the user agreement, PayPal states the company's right to close a user's account if she engages in restricted activities.
Activities such as selling counterfeit items, reaching a negative account balance, or providing false or inaccurate information are only a few restricted activities that are grounds for account closure.

If you remove consent to receive electronic communications, such as removing your email address from your contact information, PayPal also reserves the right to close your account.
Dormant Accounts


If you fail to log in to your PayPal account for at least two years, the company will close your account.

If there is a balance at the time of closure, PayPal will send the balance to your primary residence or revert the balance to your state of residency.

If your address or registered state is unavailable, PayPal reverts the funds to Delaware.
You will receive a notice prior to the account closure and reverting of the balance.

Contact your state's unclaimed property administrator to claim the balance if PayPal reverted the funds to the state.
Recovering Closed Account Balance

If PayPal closes your account due to restricted activities violations and your account contains a balance at the time of closure, PayPal may hold the balance for 180 days.

If there are any fines or liabilities associated with your account closure, PayPal will deduct those fees directly from any existing balance.

If you are unable to recover your funds after 180 days, you may have to file a suit in small claims court to receive the remaining account balance.
Considerations


Once PayPal closes your account, there isn't much you can do to reopen that account.
However, unless PayPal indicates a refusal to services in the future, you can open another PayPal account, but it will not include your previous transaction history.

You must register the new account using different login information, and you can't use financial accounts linked to your previous PayPal account.

You must link a new bank account or credit card to the new account than those linked to your closed account.
https://www.paypal.com/au/cgi-bin/webscr?cmd=_registration-run

find the TB.srt file and copy it into location should solve this. You may also have a problem with profit and loss and balance sheet as these are normally held in same location

I want how i can calculate daily profit /loss calculation on investment

go to tally site......

Hi
The balance sheet will always accumulate since that is a snapshot of the books at the time. The profit and loss reports would give a summary for the quarter.