Change the retained earning account mid year

[former_member193516]

Hi,

we have the requirement to use different retained earning account (change is mid-year).

Tehnically I do not expect any issues.

What would happen if we re-run the carry forward, is there a transfer to the new account. What would happen with the old account? Would values remain here or are they taken out.

Any experiences here are highly appreciated!

Thanks

Hein

[rane_prashant · Accepted solution]

Hi Hein,

Yes technically there should not be any issue. In case you see balances in old account then you can post adjustment entry.

Try scenario in test system.

B/R

Prashant Rane

[Former Member]

Hello Hein,

Even I do not see any issues in changing the Retained earnings account since the account doesn't post in real time. But you can make a transfer posting of balance from OLD account to new account through FB01 instead of re-running the Carry forward. If not, try running the carry forward in TEST system and see the results.

BR,

Sathish