Revenue and expense amounts aren't transferred to Retained Earnings

Summary

In Sage 300, when Retained Earnings don’t include revenue and expense accounts, create a new year.

Cause

You haven't run G/L Periodic Processing, Create New Year.

Resolution

To resolve the issue, create a new year. 

  1. Make a full backup of the company database.
  2. Go to General Ledger, G/L Periodic Processing, Create New Year.
  3. Click Process.

You’ll see that now the Retained Earnings account includes the revenue and expense amounts.

Solution Properties

Solution ID
241003214314930
Last Modified Date
Thu Oct 03 21:43:14 UTC 2024
Views
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