Skip to main content
Skip table of contents

Trust distribution carrys forward to Retained Profits after Interim Close

This support note applies to:

  • AE Accounts (AU)
Article ID: 27521

In MYOB Accountants Enterprise (AE) Accounts, if you create manual journals to a beneficiary account and then perform an interim close, the distribution is carried forward as retained profits in the following year and the impact of the manual journals is reversed.

To correct this, you need to journal to the retained profit account and the beneficiary accounts, then run a Verify Ledger routine to clear the distribution from the retained profits.

For details on verifying an accounts ledger and allocating profits, see KB Verifying a ledger and allocating profits in AE Accounts.

JavaScript errors detected

Please note, these errors can depend on your browser setup.

If this problem persists, please contact our support.