Closing balances of revenue and expense accounts are moved to a retained earnings account during the fiscal year-end closing process. The debit and credit balances of the retained earnings account are then moved to a closing profit and loss account. Finally, the balance of the closing profit and loss account is transferred to a net result account to zero it out for the new fiscal year.

1. Carry forward with posting
Wednesday, May 11, 2016
5:53 PM
All G/L
2015:
f.08-01.htm

2. Result
test-run01.htm
100000156 -->100000180
Closing balances of revenue accounts are moved to REA (retained earnings account -
330000) defined in the customizing (OB53, Table T030 - BIL). Closing balances of
expenses accounts are moved also to REA.

3. The total debit balance of REA is moved to Closing P&L account defined as parameter
1(330002) in the tab Accounts of the report. The total credit balance of REA is moved to
debit side of the closing P&L account.
The total balance from the Closing P&L account(330002) is moved to Net Result
Account (330003) defined as parameter 2 in the tab Accounts.

4. F.08 result:
Accumulated balance of PL accounts zero out:
f.08-02.htm
Balance sheet

5. Document:

6. 100000181 - 100000183
Customer
Vendor
Closing
Opening
100000013 - 100000015