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When am entering the opening balance in Odoo 12, the system automatically creates one balancing entry with an account named Undistributed Profit/Losses (Account Type is Current Year Earnings)

I don't want to show this account in the Balance sheet. Is there any option to hide this account in the report???

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In double accounting system, you have to debit in one side and credit in the other to make the number balance.

Maybe you can balance it with the Retained Earnings account.

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