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Processing profit and loss accounts

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System ➔ Finance ➔ Process profit/loss

Introduction

The financial condition of an organization at the end of a fiscal year is listed in a profit and loss statement. The balance at the end of a fiscal year or period will be carried forward to the next fiscal year or period as an opening balance. In normal accounting practice, you have to close the journals at the period or year-end after processing the Profit and Loss account. To bring the balance of a profit and loss account back to zero, you can process the profit and loss accounts. Based on the postings that are created automatically in the general ledger, the result of the previous fiscal year or period is transferred to the opening balance of the next fiscal year or period.

What version are you using?

The information in this document is applicable to product update 407 and higher. If you have versions lower than this, certain features explained here will not be applicable.

How do I process profit/loss accounts?

  1. In the overview of process profit/loss screen, define the search criteria.
  2. Click Display.

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 Main Category: Attachments & notes  Document Type: Online help main
 Category:  Security  level: All - 0
 Sub category:  Document ID: 12.221.193
 Assortment:  Date: 26-09-2022
 Release: 390  Attachment:
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