Year End Closing of Books

Run the Profit and Loss Statement, and enter the Net Profit or Loss as retained earnings. If loss its enter as a debit and if a gain enter as a credit.

The Net Profit should match the "Net Income" line on the balance sheet.

On the balance sheet, the Total Liabilities and Equity line should match the Assets. If it doesn't, start in Jan, and go through month by month, until you pin down the day, and entry that caused the mis-match.