We have Partnerships in Solomon. My Question is . How do I post to the Capital Accounts for year End?
Example Accts---Capital Accts as Follows:
2830 A Capital----------38%
2835 B Capital----------35%
2837 C Capital----------27%
Profit of $300K
What is the entry I Should be doing for year end?
The Dos version would be
Dr. 2899 Current Earnings--------300,000.00
Then Allocate to 2830,2835& 2837 Capital Accounts
In the Windows It has allocated to 2600 Retained Earnings.
Thanks for your help.
I'm not sure I understand the question. You would make the same type of entry you made in Solomon III. I believe the concepts are the same in both versions. Let me know if you have other questions or can clarify what you don't understand in SL.
Technical Support Engineer
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