Process To View Net Profit In Marg Software

Process To Transfer Net Profit Into Capital A/C In Marg Software

PROCESS TO VIEW NET PROFIT IN MARG SOFTWARE

Net profit belongs to the ownership of the business which is represented by the capital account. Therefore, the net profits or losses are ultimately transferred to the capital account.

• Go to Final Reports > Profit & Loss A/c.

• A 'Profit & Loss' window will appear.
• The user can view 'Net Profit' of ₹560.

PROCESS TO TRANSFER NET PROFIT INTO CAPITAL A/C IN MARG SOFTWARE

• Go to Accounts > Voucher > Journal > Journal.

• A 'Voucher Entry' window will appear.
• In 'Date' field, the user will mention the Last date of the finaicial year.
• Suppose mention '31-03-2023'.

• Select 'Dr' and a 'Ledgers' window will appear.
• Now the user will select the 'Profit & Loss A/C'.

• Mention the profit which was showing in profit & Loss A/c.
• Suppose mention '560'.

• Now select 'Cr' and press 'Enter' key.

• Again 'Ledgers' window will appear.
• The user will select the Capital A/C or Party Ledger ( Group under Capital A/c ) to whom profit needs to be transfer.

• Mention the amount '560' and press 'Enter' key.

• In 'Narration' field, the user will mention the narration as per the requirement.

• Now click on 'Save' to save changes.

After following the above steps, the user can Transfer Net Profit into Capital A / C in Marg Software.