Closing & transferring the balances

1

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

thanks

2

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

3

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

how to make this transaction ?

4

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

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5

Thanks