Profit and loss results

Description

Before the year-end closure, it is mandatory to calculate the profit and loss (P&L) results in a prior step.

Indeed, we need to be able not only to calculate intermediate result accounts, but also to print the balance sheet before and after P&L calculation, which means the results entry journal must be stored in a document of the "closure" type ("RES" is the default).

Setup and process

The Balance transfer function (GESCSF) must contain the setup linked to the proper steps to be followed.

In the reference folder, the codes "AP1", "AP2", "AP3" and "AP4", which are suggested for the ANG chart of accounts, need to be executed in this order.

Data to enter in the parameters for the execution of the first balance transfer ("AP1"):

It is highly recommended to make sure that the balance is properly recovered: this function will trigger the amounts in order to balance each account according to this table.