gl -carry forward

hi,

When i carried forward gl values net balance of p& l accounts transferred to retained earnings account correctly . But when i take TB as on 31.3.08 retained earnings account has the old value (carry forward value of 2006 ).TB on 1.4.08 shows the value (carry forward value 2006+ carry forward 2007).

Current year p&l net balance should be transferred to retained earnings on the last day of the same financial year.

After carry forward ,whether net balance of p&l should be transferred to retained earningd manually.