Retained earnings account- differences between F.01, FS10N, FBL3N

Hi Sap Gurus
Maybe someone can help me. When Iu2019m trying to control the amounts for the retained earnings account comparing the FS10N, FS10N drilldown, FBL3N, and F.01 they give me all different values.
I understand that the differences between the FS10N and FBL3N can be related to the carryfowrd process.
But, okey. Why when Iu2019m double click on the FS10N report the system shows a different value from the FBL3N? Another problem is when I compare the amount from FS10N and F.01 for the same retained earnings account, the system show complete different values, how I can verify the amounts for control and audit process?
Regards
Gabriela

I cannot speak on F.01 but between FS10N and FBL3N and FS10N drill down, they should equal in grand total. Keep in mind that FS10N GL Account balance display is based on one fiscal year display but the cumulative balance should be all activity from day 1 that has been carried forward.
Try running FS10N for the last fiscal year possible. If carryforward for the retained earnings accounts have been performed for each year, then the ending figure in the cumulative balance column will equal the same total ending balance you get when you execute FBL3N GL Line item display for the same retained earnings account (providing you select "All items" and don't include in posting date restrictions or any others on the selection screen).
Using FS10N for each fiscal year, you can check to to see if the beginning cumulative balance is the same as the previous years ending cumulative balance. If not then they may be a carryforward issue.

Similar Messages

FS10N Opening balance difference (Retained Earnings Account)

Hi,
We are getting opeing balance difference in FS10N balances from 2007 to 2008 (retained earnings accounts)
1. We have carry forward the 2007 balances to 2008 through T.Code : F.16
2. We are getting difference in 4 company codes.
3. But there is no difference in T.Code: FBL3N
Company      2008                            2007
1000     20,457,623.98     20,635,622.78
Difference     =     177,998.80
1001     49,091,242.21     48,913,243.41
Difference     =     177,998.80
1002     394,867,485.91-     396,028,401.55-
Difference     =1160915.64
1003     2,556,851.66-     1,395,936.02-
Difference     =1160915.64
Can you please let us know why this difference is comming ?
Thanks
Madhusudan

If you are using ECC use T. code FAGLGVTR - Balance Carryforward (New)
F.07 - Balance Carryforward for Vendor/customers
then only it shows the correct picture.
when FBL5N is line item report it is no way relavent to balance carry.
this may solve your problem
assign points if it help

Retained Earnings Account balance not carry forwarded to next year

Hi,
We have problem in Retained Earnings Account Balance C/F to next year
example:
G/L Account closing balance in 2008 - 1000.00 (as per FS10N) after c/f balances to 2009
G/L Account Opening balance in 2009 - 850 (as per FS10N) (there is a difference 150.00)
If we double click on Cumulative balace of 850 it will give us - 1000.00 and if we see in report : FBL3N it will show correct balance. Only FS10N is not showing correct balance.
Can you please let us know what will be the reason ?
Thanks
Ravi

Hi Ravi,
We are using 4.6C version and last few years there was no problem and we have other company codes which are showing correct balance. But only one company code this difference is coming.
If we double click the FS10N report opening balace it will give us the correct balance. But in display there is showing less amount.
Thanks

Retained Earnings Account balance

Hi,
We have a situation where the the Retained Earnings account in FS10n and FBL3n are different whereby i agree that since there is no posting for the carried forward Profit and loss there will be no entry passed. is this usual if so i can i analyse the the retained earnings account. please clarify
Beat Regards,
Roville

balance in retained earnings account means carryforward net balance of P&L gl accounts from last year.
Ex. You are carryforward all the balances from the year 2008 to Year 2009. All the P&L account balances of 2008 will be transferred to Retained earnings account. and all the Balance sheet gl balances will be transferred as-it-is to same gl account.
You can analyse the Retained earnings account balances or line items in table level.

Posting mannual entries to retained earnings account

Hi Friends,
The scenario is : client is passing a mannual jv like this:
Retained earnings A/c                                 Debit   $100 (Say)
Other Comprehensive A/c (liability group)      Credit $100
They are telling that this entry is as per USGAAP. But as per best practices, we should not touch retained earnings account.
1. Please help me is there any other way of passing the above entry with out touching Retained
     earnings a/c
2. Because of this entry, system is giving error in EC-CS consolidation.
   Error Description is : There is a difference in Retained earnings as per P&L and Balance sheet.
please help me in solving the above two issues.
I am very very thankful, if you help me in this.
Thanks & Regards
Srimedha

Hello,
the retained earnings is usally calculated in EC-CS: it is the difference of the Active and passive side of the balance sheet.
See note 1305618 on this issue
Cheers,
David

What is the using of retained earnings account

HI
In the above , please reply the answer as early as possible
with regards
srinivas

this question is poste in wronf foroum it sould be in FI not in MM
from www.investopedia.com
retained earnings account
The percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders' equity on the balance sheet.
The formula calculates retained earnings by adding net income to (or subtracting any net losses from) beginning retained earnings and subtracting any dividends paid to shareholders:
Also known as the "retention ratio" or "retained surplus".
In most cases, companies retain their earnings in order to invest them into areas where the company can create growth opportunities, such as buying new machinery or spending the money on more research and development.
Should a net loss be greater than beginning retained earnings, retained earnings can become negative, creating a deficit.
The retained earnings general ledger account is adjusted every time a journal entry is made to an income or expense account.
hope this helps

Retained earnings account

Hi,
Can we maintain retained earnings accounts as open item management account?
our client has changed the status to Open item management account recently, due to this reason he is unable to do year ending carryforward through F.16. They are getting error analsys that change the status to without open item management.
treat this issue on priority ...
Thanks & Regards,
Prasad

Hello Prasad,
Retained earnings account is balance sheet account. At the closing of fiscal year, we need to carry forward balances of P&L accounts to retained earnings account. We have to create Retained earnings account at IMG level. Profit or Loss is carried forward to this account at the end of the year. Normally, companies use one retained earnings account. For this reason, X can be used as the key. In the chart of accounts you enter X in the P+L statement account type field.
Have you done any time year end closing functionally?
What we will be doing is drawing the "P & L account" transferring all balances in Rev & Exp to "P & L acc".
This P & L account in SAP is widely called as retained earnings account. At the end of the period, all your Rev & Exp are posted to this account which is a Balance sheet Item. This you are identifying as Retained earnings account type X and assigning a GL account. When you create this as a GL account system understands that this is Retained earnings account.
Profits of the organization are always Liability. Losses are Assets. As profits form part of "share holders funds".
You assign this retained earnings account in your financial statement version in such a way if the balance is credit in the liability side and if the balance id Dr then asset side
Thanks
Para

Default Profit Center for Retained Earnings Account

Hi,
We wish to default a profit center for our retained earnings account. Currently, the system carries forward P/L balance to Retained Earnings Account Profit Center wise.
Kindly advise on how we can default a particular PC for retained earnings account. Also in case it is possble, does the system balance the PC wise trial balance by changing balances in Inter PC Balancing account (Zero Balance Clearing)?
Thanks!

Dear,
You can default through 3KEH in classic GL and through FAGL3KEH in New GL
Br, Vivek

P&L acc should not hit retained earnings account upon exe Bal Carry Forwar

Hi Friends,
As per business requirement I created two Depreciation expense accounts, only Book Dep account should hit retained earnings whereas other special dep account should not hit. Since both accounts are P&L they are picking upon executing Balance carry forwad.
Special Dep area is created to depreciate the complete asset in the year of purchase to help the org to allocate it to different Cost centers for funding request. As such these special dep accounts are out of scope for FSV so there is no impact on Bal Sheet,however upon exec FAGLGVTR full dep posted on these accounts are carried forward to next year along with true dep.
Please provide any suggestions that help to avoid some of the PL acc carry forard to retained earnings account. I am thinking of creating separate chart of account for these accounts but this consume lot of time for testing all the scenarios.
Thanks in advance.
Venkat

Hi Madhu,
Here is the scenario.
APC of all acquisitions are allocated, in the year of acquisition, among several cost centers using statistical key figure (Work hours). To satisfy this requirement, a second depreciation area (Special) will be created. In the second depreciation area, all assets (regardless of asset class) will be depreciated fully in the year (month) of acquisition u2013 (the same depreciation key as low value asset). The value in the second depreciation area will flow to controlling.
This full depreciation is not even consider in financial reporting as the number range of these dep exp accounts are out of range in FSV. The main purpose is to allocate full depreciation among CC in advance for funding request.
Thank you,
With Regards,
Venkat
Edited by: Venkat Reddy Yedulla on Jun 7, 2010 6:22 PM

Retained earnings account fi

Hello friends ,
can anybody help me .iam trying to create retained earning account in master data in img but the errors continously coming is (data can only be displayed -data is still being processed) its coming only in display mode not in change mode.How can i make it into change mode.pls help me

Hi,
Have you tried to define retained earning account by using the following T Code.
OB53 - Define Retained Earnings Account
Most companies use one retained earnings account. For this reason, X can be used as the key.
In the chart of accounts you enter X in the P+L statement account type field, and for account determination you enter the retained earnings account under the key X.
FSP0 - Edit G/L account - Chart of accounts
Please assign points if helpful.
Regards,
Nitin Aggarwal

Retained earnings account - urgent

Hi Friends,
I got a problem. Need your help. We run Balance carryforward (F.16) on last month (My fiscal year ends on 31.07.07). But after posting some transactions, today we rerun this F.16. It should show the new balance in Retained earnings account. When I run this and check in log, it is showing updated value. But its not updated in GL account. I mean the value is not updated in GL account. It is showing old value only. Please can any one help me? I am in ECC6.0.
My old value is more than new value.
Thanks in advance

Hi,
It seems You are executing the program with Test Run Option. If you want that the program updated the value in GL account you must unmark Test Run Option. You can rerun this program so many times as you want.
On the other hand you has the new version of that program (I think in 5.0 version)
Transaction: FAGLGVTR - Balance Carryforward. I think is better than old transaction.
Thanks,
Francesc

Retained Earnings Account query

Hi Folks,
At Ledger level we can assign one balancing segment value for Retained earnings account , where as if we have multiple balancing segment values in same BG LE and OU so how we can differentiate the retained earning account balances for different balancing segment values.
Regards
Prasanth

Hi Rupa,
Thanks for your reply,
Sorry for inconvience, actually my query is as follow.
We have single ledger with multiple balancing segements , we will enter multiple transactions for each balancing segment values. but we can assign only one balancing segment at ledger level how system will create other balancing segment retained earnings account , and how it will get effect.
Ex:- Balancing segments (1, 2, 3, 4, 5) we will assign only "1" at ledger level. later we entered transanctions for "2" , "3" vis versa, how system will generate retaned earnings account combination for "2" , "3" . based on what functionality it is working .
Regards
Prasanth

Why do we need more than one retained earnings accounts & what is the use?

Hi FI Experts,
Why do we need more than one retained earnings accounts, what is the precise use of two?
I know the retained earnings account is used to carry forward the balances during the year end to the balance sheet and there by making the p&L A/cs balances as zero.
I guess the second one is used for different valueations for example as depreciation accounts for different valuations will have different retained earnings accounts.
Kindly correct me if I am wrong and eloborate on the use having more than one retained earnings accounts.
with regards
Ramesh Y

Hi,
Well, separate retained earnings accounts are used for parallel financial reporting, it means when you need to report in accordance with, for example, local GAAP and IFRS or US GAAP at the same time. Several retained earnings accounts are necessary when the company chooses account based approach for parallel reporting. (GL accounts are broken down into several groups, for example you use different accounts for IFRS valuation, for local GAAP and they are also shared accounts common for both principles.)
m.

Why do we need retained earnings account in income statement?

hi,
as far as i am concerned we need a retained earnings account only in a balance sheet statement. however i dont understand why do we need a retained earnings account in the income statement. can someone explain?

Hi
The account nothing but contains the accumulated profits which are divisible to the shareholders carry forward from the P&L account.
we define Retained earnings a/c in OB53.
Most companies use one retained earnings account. For this reason, X can be used as the key.
In the chart of accounts you enter X in the P+L statement account type field, and for account determination you enter the retained earnings account under the key X
assign points if useful

Creating Retained Earnings Account from Scratch

Creating Retained Earnings Account from Scratch
but
the error message is Account not created
what is causing the prevention?
Attached a screen shot?

HI Emad,
Error message indicates that 900000 is NOT created in the chart of A/c, So First go to FS00, create a G/L a/c and assign the same g/l a/c No: in OB53 and save.Then you are good to go. Good luck
Regards,
Sam

Retained earnings account- differences between F.01, FS10N, FBL3N

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