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Transfer of Retained Earnings to Proprietor/Partner Capital Account

Former Member
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Dear all,

One of my client is a Partnership Firm. After year end closure activities Profit/Loss is calculated in Retained earning Account.

Actually this Profit /Loss has to be apportioned to respective Partners capital Account.

Pls let me know the procedure for transfer from Retained earning Account .

Thanks & Regards

Veena Kunthe

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Answers (1)

Answers (1)

Former Member
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Sorry , SAP doesnt support auto apportionment. So the alternative is to manually pass this as a manual journal using FB50. But actually u can create a simple template to apportion it using percentage. U create an acct assignment model FKMT and assign the normal entries as you would have done evry year or month but this time create it as a template. After its created, you can call up this model in FB01 and click at Acct model option. So everytime you just need to fill up the amount in the retained earnings and the system can allocate to the correct % to the respective accts.

PS Remember to check the checkbox for equivalence to in the header of FKMT

Former Member
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Hi,

Retained Earning details are not diplayed in FBL3N. If the entry is passed manually then the amount to extent of transfer is shown in FBL3N.

How the same can be reconcilled.

Regards

Veena Kunthe