I want to transfer the profits I’ve gained to my partner. How do I do this in Zoho Books?

To transfer the profits you’ve gained to a partner in your organization:

  • Go to Accountant on the left sidebar and select Manual Journals.
  • Click + New Journal in the top right corner of the page.
  • Fill in the required details.
  • Select Retained Earnings as the Debit account, and the account in which you want to record the transfer as the Credit account.
  • Enter the amount debited and credited.
  • Click Save and Publish.

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