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Forum Post: RE: Accounting impact of incorrect P&L accounts?

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The Account Posting Type determines the how the balance will be treated at the end year closing in General Ledger, it is a common issue that occurs and doesn't have any negative ramification as long as you discover that before closing the year.

You could simply go to the Account Maintenance Card and choose the Profit and Loss option

Best Regards,

Mahmoud AlSaadi


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