Compliment of the season.
Please I need your suggestion on how to deal with end of the year postings and movement from profit/loss for the year to Retained earnings.
- Is it to be posted manually or automatically done by the ERPNext?
- Which accounts are to be affected?
Your response will be appreciated.
Use “Period Closing voucher”
I appreciate your response.
Please expatiate more on this period end voucher. Is there a particular journal called period end voucher. How can I do it. Please educate me.
Every Company has there accounting metrology ,generally GL Account Named “Reserve & Surplus” or “Profit & Loss Account” check or Crated Same Account and Transfer PL All GL Net Balance to that GL Via Period Closing Voucher.