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How to register the balance of the fiscal year closing to the profit / loss account in NetSuite?

edited Jun 8, 2020 4:48PM in Ask A Guru 3 comments

Hello folks

Hello folks

When I do the fiscal closing of the year in December in NetSuite,, what is the process that must be executed to register the profit or loss against the P&L accounts? We require that this record be made to our profit / loss account for the fiscal year. How is this setup done? Also, for each fiscal year, we use a different accounting account to record the profit / loss for the fiscal year.

Thanks for your help.

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