If your business type is a partnership then you can split accumulated profit between partners, on a % basis.

The Profit to be allocated is calculated from the previous year’s profit and is shown as a capital liability at the bottom of the Trial Balance – see View Categories.

To allocate this between partners go to Accounting – Profit Allocation Adjustment.

Check that date range at the top of the screen corresponds to the period that you wish to cover.

The date of the adjustment will default the last day of a financial period.

Enter the % share to each partner. The profit allocation must add up to 100%.

Did this answer your question?