Include P&L Accounts in Retained Earnings Calculations

Problem: How to include the P&L accounts in Retained earning calculations.
Solution: In order include the P&L accounts in Retained earning calculations, you need to do the following:

Example:

1. My Opening Retained Earning was 65,752.92 and Profit for the in next month was 46024.55
2. So cumulatively Retained Earnings Should Show an amount of (65752.92+46024.55=111777.47)

The report lists the assets, liabilities, other obligations, and owner equity details for the company or selected entity at the month end during the specified period of time. 
You can choose whether to show details by GL account, calculate annual changes, and include off-balance-sheet accounts.

It is necessary to:
a) make the closing of the month January-February.
b) configure the report: Include P&L Accounts in the Calculation of Retained Earnings.

When this option is enabled, the turnover on income and expense accounts is added to the retained earnings.

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