Retained Earnings Error

[Former Member]

Dear All,

When Retained Earning is updated, I have error message showing " Validation Error - IS Profit Loss not equal to BS Retained Earings"

I can able to see the Operation addition excess amount.

Please advise, what are the reasons for differences? How I can rectify them.

Thanks in advance.

Regards,

Malani

[Former Member]

Hi

Check your Trial balance - all the figures loaded in BCS. The validation is failing - P&L not equal to your B/S retain earnings which is self explanatory. You can check the validation rule - check all the FS items maintain in validation and its total. It will take time for you but its the only way.

Thanks

Kiran

[Former Member]

Concur with Kiran.

I think that the most easiest way to check if your data come unbalanced is to see the list of totals records, either from a monitor or a workbench and sum up all B/S and P&L items groupped by each company. If the sum isn't equal to zero, you'll have a faulty data for the unit.

P&L - without special item.

Edited by: Eugene Khusainov on Oct 7, 2009 12:09 AM

[former_member1379680]

Hi, I suggest a course in either or both of the following;

- Accounting

- SEM-BCS