Financial Year closing with multiple retained earnings accounts

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We would like to configure multiple retained earnings accounts, and close specific GL accounts to these RE account. I don't see a way to close a year to more than one RE account. Is this possible? If so, how?

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André Arnaud de Cal... 303,988 Super User 2026 Season 1 on at

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Hi Yeiner,

You can first close the year to one account and then create a general journal to move balances to more ledger accounts. If there were more accounts possible; what amount should be posted per account? Usually, based on the result of a year (profit or loss), the destination will be determined by accountants.

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Ludwig Reinhard Microsoft Employee on at

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Hi yeiner,

I have once seen a company making an adjustment for this, which I find pretty useless because such kind of postings occur only once a year.

Therefore, try to follow what Andre suggested.

Best regards,

Ludwig

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Community Member on at

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thank you very much

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Ludwig Reinhard Microsoft Employee on at

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Hello yeiner,

If your question has been answered, please be so kind and verify the answer to let also other community members know what helped you.

Many thanks and best regards,

Ludwig

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