| How do I set up General Ledger to automatically distribute net income to Partners? |
Resolution | Set up Partner percentages in Fiscal Settings After you set up your Partners, you can set up Partner percentages in Fiscal Settings; see How do I set up Partners in General Ledger? - In Fiscal Settings, click Partners.
- In the Partner column, enter the partner's ID.
Tip: Click List to select the Partner from a list. - In the Percent column, type the percentage of retained earnings that you want to distribute to this partner.
- In the Retained Earnings column, enter the retained earnings account for the partner.
- Repeat these steps for additional partners.
- Click OK.
- If you see the message, "Partner percentages do not total 100. OK to continue?" click No, and adjust the numbers in the Percent column so that they total 100%. Click OK again
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