When initiating the next accounting period, the system reports that a non-zero balance exists on account 431001. However, we are operating at a loss during this period — how should we balance the account?
The loss recorded on account 431 must be transferred using an internal document to the appropriate account, depending on whether the loss has been settled in any way or not (e.g., to account 429 – Unsettled loss from previous years). Account 431 must show a zero balance at the end of the period.