How to Clear Undistributed profit/loss account (999999) in Odoo 12?
We are currently doing a migration to Odoo from a legacy system.
We have migrated one year of SOs, POs and Opening Balance and inventory for the client.
Our system have Accounting, Sales, Purchase, Inventory and CRM modules.
The issue is that in order to cater for Open SOs and also to cater for Open and closed invoices, we have entered some journal entries for invoice and payments.
This resulted in some values automatically calculated in Undistributed profit/loss account (999999).
We are having trouble clearing this account so that it is zero for the financial year which started in last April.
Another reason we need to clear this account is it is reflected in the balance sheet for current year which we do not want.