Hi, Is it possible to do a year end profit distribution in Reckon Hosted? eg with journal entries etc. I Set up a partnership file but cannot work out how to distribute the income.
Hi @AlisonSingleton
Reckon Accounts / Hosted automatically transfers FY net income on 30th June to your Retained Earnings account on 1st July. However, you can journal further distributions out into separate account(s) if you prefer.
To do this, you need to DR Retained Earnings & CR the separate Partner (also Equity-type) accounts 😊
@AlisonSingleton Do you understand Accounting? Or Journal entries?
Have you looked in the help files?
Kr
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