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author's profile photo Former Member
Former Member

Line item Activation for Retain Earnings Account?

Hi friends,

I am having two doughts regarding retained earning account.

1. What will be effect if we post to that account manually?

2. Wheather line item should be activated for this GL or not?

3. Can we post previous years profit/loss balance to retained earnings account or should create new gl for that?

Thanks & Regards

Ravi

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 07, 2008 at 04:20 AM

    Hi,

    It should be lineitem mgt account only.

    Regarding last year profit: it should automatically calculate once you do year end activities.

    Best Regards

    Ashish Jain

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    • Former Member

      Hi Ashish,

      Thank you for your reply.

      we are going live on 01.04.08 then the profit of previous years should be uploaded to same retained earnings account or different GL account.

      Thanks & Regards

      Ravi

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