on 12-30-2010 8:21 AM
Hi SAP GURUS,
any one please explain what is retained earnings acoount and what is the use of it.
Thanks,
Pavan
Hi Pavan,
Retained Earnings Account is used for carry forward the balance and you cane use more than one retained earning account(one is mandatory).
You can configure Retained Earnings through T-CODE OB53.
For More Details please refer
http://help.sap.com/saphelp_46c/helpdata/en/96/8b307e43ce11d189ee0000e81ddfac/content.htm
Regards,
Ranjith
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Retained earnings A/c is used to transfer all P&L A/c Balances to balance sheet a/c.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi
retained earnings account means while defining gl account in chart of account segment we have to define whether its belongs to balance sheet account r profit and loss account.if u will select b/s means the balance will go to the same account where as prfit and loss a/c the balance will go to retained earnings account by making p&laccount zero balance.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Dear Pavan,
For profit and loss statement accounts, the balance is carried forward to a retained earnings account and the profit and loss statement account is set to zero. A key (for example, X) is assigned to the account to which the balance is carried forward. You enter this key in the field "P&L Statement Type" in the chart of accounts segment.
In Customizing, users define the retained earnings account that is assigned to expense accounts during G/L account master record creation. If there is only one retained earnings account, the system automatically uses the one defined in Customizing. If there is more than one retained earnings account, when you create a master record, you can select the retained earnings account for each profit and loss statement account.
steps to create Retained Earning Account
T-code OB53
enter chart of accounts
Account Assignment
in P&L stmt give X
& in Account: give the account number
You can create the account in FS00 later also
For more info you can also go to the below link
http://help.sap.com/saphelp_470/helpdata/en/96/8b307e43ce11d189ee0000e81ddfac/content.htm
Hope my answer is helpful to you
Regards,
Mir
Edited by: mirosmank on Dec 30, 2010 9:41 AM
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hello, Pavan:
please refer to
http://www.geekinterview.com/question_details/62701
And about the usage, please refer to
http://help.sap.com/saphelp_470/helpdata/en/96/8b307e43ce11d189ee0000e81ddfac/content.htm
You can configure the retained earning account key via OB53.
Best Regards, Lawrence
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
67 | |
14 | |
8 | |
6 | |
5 | |
5 | |
5 | |
4 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.