Why Multiple Retained Earning Accounts if we have multiple Ledger for Local Reporting

[former_member567622]

Hi Everyone,

When we are in HANA 1709 with multiple Ledger active for different reporting requirement.

I am not exactly getting the use of creating more than one Retain Earning Accounts and assigning to P/L Account.

Can anyone of you help me to undertsnad the logic behind it.

[former_member224768]

Hi

If you use account approach i.e. where you manage multiple accounting standard in leading ledger (for example), you need to set multiple retained earning accounts for each accounting standard.

But if you use ledger approach i.e. 1 ledger 1 accounting standard, then there is NO need to manage multiple retained earning accounts.

Perhaps you can enlighten us on where you got the information "use of creating more than one Retain Earning Accounts and assigning to P/L Account" for ledger approach.

Best Regards

Siva