GL P&L Current account

[Zak2009]

Hi All,

How do you setup in GL so that the difference between Income Accounts and Expense go to the P&L Current account automatically without passing a JV.

Thanks

 

[Jay Converse]

Huh? What is a "P&L Current account"?

 

[ettienne]

You don't.
The P&L accounts are closed to retained earnings at year end. During the year you just sum all the P&L accounts in your financial reports to get that number.

 

[Zak2009]

Thanks