on 05-20-2009 12:04 PM
Hi Guru's
My Retained earnings a/c showing closing balance,say25000 for year 2007,But after c/f the balance in f.16 tc.account balance showing -1500 opening balance for 2008 year.what is the cause let me know. Thanks in advance
Regards
NBS
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Make sure you have completed the account transfer for previous years.
Complete the same for vendors / customers F.07
Complete for GL accounts F.16
Regards,
Ravi
Dear Ravi
Yes completed all year end closings for previous years for vendors/customers,g/ls also,But G/L shows wrong balance only
Hello,
All P&L balances are clubbed together in Retained Earnings Account
Make sure when you run F.16, you ticked
"Balance in retain.earng.acct"
Remove test run.
Execute
You get log
Click on Retained earnings account button.
See the balance on last page.
Now go to report S_ALR_87012277
See that the total or retained earnings account has been transferred.
Hope it is clear now.
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