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Reply from Rveeken on Jul 16 at 11:09 AM Hi Nikki,
Thanks for your info can you please give met how to do this as it was
never told me how to do.
I think this is my missing link.
Regards,
Ronald
| | | ---------------Original Message---------------
From: Nikki Klein
Sent: Thursday, July 16, 2015 11:05 AM
Subject: How To Show Result After Year End In GL Account Profit Previous Year
Hi Ronald,
I'm a little unclear about your question, but at year end you execute the Balance Carry Forward transaction, which calculates the retained earnings, updating it on the balance sheet and then resetting all income statement accounts to zero for the new year.
So for P&L accounts, there is no accumulated balance from prior years. You can execute reports FOR a previous year, and see what happened during that year.
Nki |
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