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How to transfer Monthly Net Income to Retained Earning Account?

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At month end system will create a journal through a process to create an auto journal with net income.

Content (required):

For eg. in January month Revenue is 10,000/- INR and the Expense is 8,000/- INR.

The system will create 1 Journal of 2,000/- INR and the entry should be

100001 (Profit and loss code) Dr. 2,000

200001 (Balance sheet code) Cr. 2,000

This entry should be automatic through any process. and both codes mentioned above are new codes that will be used for this journal only. There should not be any impact on existing PL actual codes.

Version (include the version you are using, if applicable):

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