Transfer Yearly Retained Earnings

To open GLCR, press <Alt M> ("Menu") and follow the Menu path illustrated below, then press <Enter>, or simply enter <GLCR> in the "Enter Program Name" field and press <Enter>.

Enter the supervisory password to enter the program.

In order to close to retained earnings, you must have closed your 12^th period.  If not, an error message will be displayed and the program will not allow you to proceed.

GLCR adds the current year’s earnings to retained earnings.  There is no printout for this process.  Once done, you must run a 13^th period trial balance, which will reflect balance forwards in your assets, liability, and capital accounts, and will bring your balances to zero in the income and expense accounts.

You may then run the GLIS ("Income Statement") and GLBS ("Balance Sheet") programs. (Optional)

You must then run the GLS ("Set Up New Month") program to close the 13^th period.