Simplified Year-end Closing in Odoo 9

In Odoo 9 the P&L report will always show in the Balance Sheet a line called “Current Year Retained Earnings” that is calculated dynamically as the profit as reported in the P&L.
year_end_closing_odoo9
What you should do at the end of the period is a manual entry:
Dr. Current Year Retained Earnings (BS account)
Cr. Retained Earnings (BS account)
So there’s no need to create a journal that changes the P&L accounts.
As a consequence, you can report on the P&L without having any issue with the manual journal entry.
For example, EOY 2015 you have a profit of $10,000. On dec. 31st:
P&L:
Net Profit: $10,000
BS:
Current Year Retained Earnings: $10,000 (dynamically calculated from P&L net profit)
Retained Earnings: $0
Total Retained Earnings: $10,000
Then you do a manual journal entry on 12/31/2015:
Dr. Current Year Retained Earnings: $10,000
Cr. Retained Earnings: $10,000
The resulting BS:
Current Year Retained Earnings: $0 (dynamically calculated from P&L net profit)
Retained Earnings: $10,000
Total Retained Earnings: $10,000

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