GL Account 86000000 set as P&L.

[rajeshkumar_mantri2]

Hello Gurus,

FI : While performing yearend rollover, 86000000 (TECHNICAL ACCOUNT u2013 INVESTMENTS) account shows in Retained Earning as this account is setup as P&L Account in master data but we eliminate this account when reporting. We only take 10000000 u2013 79999999 accounts for Balance Sheet and P&L.

Please advise why we treat the above account as P&L since the yearend rollover will have impact in Retain Earnings.

[rajeshkumar_mantri2]

THANKS

[anjireddy_appireddy]

Dear Mantri Rajesh Kumar ,

Please remove GL account-86000000 (TECHNICAL ACCOUNT u2013 INVESTMENTS) from OB53.Because it is wrongly created assigned.In fact this is P&L Account. Assign the actual ratained Earnings account i.e.balance Sheet account.After that rund carried forarward of GL ,AP,AR transactions. your problem will be solve.

[rajeshkumar_mantri2]

Hello ANJIREDDYA,

But the said the GL account 86000000 (TECHNICAL ACCOUNT u2013 INVESTMENTS) is not assigned in OB53.

[anjireddy_appireddy]

Hi Mantri Rajesh Kumar

System wont allow you to create this GL code if you have not maintained ranges or if it not under any account group.

Please check.