This support note applies to:
- AE Accounts (AU)
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.