Closing Period clear balance income and expense account to Retained Earnings

Accounting & Finance
1

Hi everyone,
In the end of month, I want to moves net income and net expense into retained earnings, but in the PL report we get data from net income and net expense.

Are you have a solution for this issue.
Please help me

2

Hey Tham,

You can adjust the financial statement layout to show it together. I’m not sure if you can do journal entries to move it there.