How I tranfser the Inc and Exp in accum surplus

[yasiramin599]

Hi

At year end how I net off the income and expenses and tranfer the Accumulated Surplus account. kindly help about how run this proceedure to perform in Oracle R12.0.6.


Regards,
Yasir Amin

[AmanKhan]

You don't need to perform this manually, when u will close your financial year then system will automatically calculate and transfer net off balance to retained earnings account.

Regards,

[yasiramin599]

How I close the financial Year?

[AmanKhan]

topic.asp?TOPIC_ID=5076

topic.asp?TOPIC_ID=5049

Plz use search option in the page and u'll find more stuff on period closing.

Regards,