Closing & transferring the balances

how to make closing to the accounts of the fiscal year of 2020?


There is no need to close and transfer balances at the year end. Manager is a perpetual accounting system

Please read the guide Close an accounting period | Manager

i have a partner and we want to distribute the incremental profit between us.

how to make this transaction ?

Use a journal entry. Transfer profits from Retained earnings to your capital accounts. See Use capital subaccounts | Manager.

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