Before running the Close Income Statement batch job, you must close the fiscal year.
To run the batch job, open the Close Income Statement batch job request form.
On the Options tab, specify the conditions of the batch job. For Help about a specific field, click the field and press F1.
When the batch job is finished, select the general journal that contains the closing entries.
Enter one line with a balancing entry that posts the net income to the correct G/L account under owners’ equity on the balance sheet.
Click Posting, Post to post the journal.