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Check OB53
On 6/30/09, sylvester wabwire via sap-acct <sap-acct@groups.ittoolbox.com>
wrote:
>
>
>
> retained earnings is a recon account updated by the difference between
> revenue and expences. The expences and revenue accounts will have in their
> master data the retained earnings account key this establshes the link
> between this accounts and the retained earnings account
> --- On Mon, 6/29/09, Siva Rama Krishna Yanamandra via sap-acct <
> sap-acct@Groups.ITtoolbox.com> wrote:
>
> From: Siva Rama Krishna Yanamandra via sap-acct <
> sap-acct@Groups.ITtoolbox.com>
> Subject: [sap-acct] Retained Earnings Account Balance is not updating
> To: "sylvester wabwire" <s.wabwire@yahoo.com>
> Date: Monday, June 29, 2009, 12:15 PM
>
> Hi
> I need advice regarding the updation of retained earnings account.The
> Balance sheet F.01 is not showing the updated balance in the retained
> earnings account.
> We are having retained earnings G/L account. This was duly assigned in
> OB58. Whether the difference of Receipts and expenses will update daily. Is
> there any program or how the difference will update in the RE account.
> Every month after period end closing or daily, the retained earnings
> account will update automatically or we have to run any program for that. we
> will run F.16, F.07 to transfer the balances from one year to next year.
> During the period end closing also we have to run these transactions to
> update the balances or any mistake in the configuration.
> with regards
> Siva
> ----------------------------------------------------------- Siva Rama
> Krishna Yanamandra
> Cell:+96-65406-74138(Jeddah)
> Cell:+91-98481-23683(India)
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