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<ManualTopic ID="/baanerp/tf/onlinemanual/000482" xml:lang="en">
   <Header>
      <Title>Balancing methods for Profit and Loss accounts</Title>
      <Keyword type="header" order="d1e1975208">
         <Level1>Balancing methods</Level1>
         <Level2>source of earnings</Level2>
      </Keyword>
      <Keyword type="header" order="d1e1975213">
         <Level1>Source of earnings</Level1>
         <Level2>balancing methods</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>When you close the financial year, you can use the <GUIRef href="/baanerp/tf/gld/tfgld6202m000" role="session">Automatic Balancing of Profit and Loss Accounts (tfgld6202m000)</GUIRef> session to clear Profit
		and Loss accounts and post the total balance to the Retained Earnings account.
		In the <GUIRef href="/baanerp/tf/gld/tfgld0503m000" role="session">Company Parameters (tfgld0503m000)</GUIRef> session, you select the balancing method
		for the Profit and Loss accounts.</Paragraph>
      <List>
         <ListIntro>The following balancing methods are available:</ListIntro>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/domains/gld.blpl#subtotal" role="option">Total</GUIRef>
         </ListItemHead>
         <ListItem>All Profit and Loss accounts are collectively cleared against
		  the balancing account that you select in the <GUIRef href="/baanerp/tf/gld/tfgld0503m000" role="session">Company Parameters (tfgld0503m000)</GUIRef> session and the total amount on the balancing account
		  is posted to the Retained Earnings account. The profit and Loss accounts are
		  not individually cleared.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/domains/gld.blpl#individual" role="option">Individual Accounts</GUIRef>
         </ListItemHead>
         <ListItem>The Profit and Loss accounts are individually cleared against
		  the Retained Earnings account.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/domains/gld.blpl#earnings" role="option">Source of Earnings</GUIRef>
         </ListItemHead>
         <ListItem>Each Profit and Loss account is individually cleared against
		  the related Source of Earnings account. You can use this method to see how the
		  total profit for the year is composed, for example, of operating profit,
		  extraordinary profit, and so on.</ListItem>
      </List>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle> Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tf/onlinemanual/000486" role="manual">To set up source of earnings accounts</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tf/onlinemanual/000483" role="manual">Example of balancing by source of earnings</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tf/onlinemanual/000481" role="manual">Year end processing</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>