Associating Profit and Loss with the Balance Sheet

You make the association between the Profit and Loss statement and the Balance Sheet in Designer.

  1. Start Designer.
  2. Select the Planning database.
  3. Select Configuration > Planning Settings.
  4. Click the Elements tab.
  5. In the Setting column for Profit and Loss, specify the account that holds the net income to be transferred to the Balance Sheet.
  6. In the Setting column for Profit and Loss /Base Account, specify the target Retained Earnings account.