SA Administrator Options - Financials - Profit Distribution field descriptions

Profit Distribution

% Profit

Specify the percentage amount distributed to each Retained Earnings account. The total of all percents must equal 100.

Account

Specify each account code for posting profit. Use the account code specifications in SA Administrator Options-Financials-Account Structure. If a section is not used, specify 0 in that field. At least one digit must be specified in each account section of the account code. If the account code is specified incorrectly, this message is displayed: Account Code not Setup in the Chart of Accounts (GLSA).

Clearing Account

The account you specify must be a clearing account type in GL Account Setup. Use the account code specifications in the Account Structure section.

GL Administrator Distribute Profit distributes profit from this clearing account. This amount is divided between the Retained Earnings accounts according to the percentage specified with each one.

GL Administrator Distribute Profit reverses the previously calculated amount and replaces it with the new profit. It is not an accumulated amount.

Total

The total of all percentages entered. This field must equal 100%. Adjust percentages until the total is 100%.