HI Ameer,
This Account is used to carry forward the balances in the year ending process. You may maintain a single (or) Multiple Retained Earnings Account. If you are using one Chat of Account for all your Company Codes then create one Retained Earnings Account. If you are using different Chart of Accounts for each Company Code then define Retained Earning Accounts for each Chart of Accounts as well as Group of Chart of Account.
If this is helpful assign me points.
Rams.N
Add a comment