Balancing methods for Profit and Loss accounts

The following balancing methods are available:

• Total
  All Profit and Loss accounts are collectively cleared against the balancing account that you select in the Company Parameters (tfgld0503m000) session and the total amount on the balancing account is posted to the Retained Earnings account. The profit and Loss accounts are not individually cleared.
• Individual Accounts
  The Profit and Loss accounts are individually cleared against the Retained Earnings account.
• Source of Earnings
  Each Profit and Loss account is individually cleared against the related Source of Earnings account. You can use this method to see how the total profit for the year is composed, for example, of operating profit, extraordinary profit, and so on.