Year Closing

I’m working with NAV 4.00 SP2.

Does NAV automatically make a journal entry to transfer the net income from 9900 Annual Net Income to 0440 retained earnings when closing fiscal year?


GL / Periodic Activities / Fiscal Year / Close Income statement…

This closes P/L Accounts to Account you specify in this Batch Job, other postings are all yours [:D]

Besides, EXACT G/L Acc numbers are of no use of mentioning here - every company has its own CoA.