on 10-12-2008 4:34 PM
Dear Gurus
I have an issue that calculated profit/loss from income statement is not posted to retained earnings account,which means that the balance of assets against owner equity&liabilities is not equal as retained eanings are part of owner equity,howcan i do this posting automatically not manually through JV entries,i want the assets = liabilities+owners equity,i think that when running the report in F.01 it doesn't take the retaied earnings account into account,can someone advise please,thanks a lot
regards
Hisham
Hi
You need to do closing activities at below TCodes to get your formula
1. F.16 - Balance Carryforward for GL
2. F.07 - Balance Carryforward for AR and AP
Cheers
Srinivas
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