Year end Profit / Loss
Problem reported by Jenny Carr 10 years ago
How do I transfer profit and loss to partners? I assumed it would be via the journal but it is not possible to access the year end profit from here
SolvedSolvedSolved
Hi Jenny,
At the end of the tax year the Cumulative profit and loss is transferred to Historic retained earnings on the balance sheet. This is done automatically and cannot currently be changed.
