Retained Earnings Account

[Former Member]

Hi SAP GURUS,

any one please explain what is retained earnings acoount and what is the use of it.

Thanks,

Pavan

[Former Member · Accepted solution]

Hi Pavan,

Retained Earnings Account is used for carry forward the balance and you cane use more than one retained earning account(one is mandatory).

You can configure Retained Earnings through T-CODE OB53.

For More Details please refer

http://help.sap.com/saphelp_46c/helpdata/en/96/8b307e43ce11d189ee0000e81ddfac/content.htm

Regards,

Ranjith