How to create Accumulated Profit and Loss GL Account in Chart of Account

Overview:

Creating an Accumulated Profit and Loss account in QNE AI Cloud Accounting enables effective management of Profit and Loss Value, ensuring accurate Balance Sheet Account report within your business operations.

Solution:

Step 1 - Expand General Ledger > Press 'Chart of Account'

Step 2 -  Press 3 dot Button which next to Equity > then Press 'New'.

Step 3 - After Press New > Below Screen will prompt out, Please Fill in 

• Account Code
• Account Name
• Special Account Type

Note: Special Account type please select Accumulated Profit and Loss Account. 

Step 4 - drop down Press Save and Close.

Done!

Result.

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