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

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Default Profit Center for Retained Earnings Account

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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.
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Dear,
You can default through 3KEH in classic GL and through FAGL3KEH in New GL
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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.
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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)
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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.
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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?
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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.
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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 ?
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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.
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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.
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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 ...
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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.
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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

Balance of Retained Earning Account

Hi Gurus,
I am executing transaction FAGLGVTR for transferring balance to retained earning account but when i see the balance of retained earning account in FBL3N, balance is not changing.
It is same as previous.
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Thank You

Hi
Please review notes 176067, as there is no possibility to view line item display. The opening balance on the retained earnings account consists of the following:
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Within the balance carryforward, the P+L accounts are carried forward to the retained earnings accounts on the balance sheet (definition in Transaction OB53).
No documents are created with this, hence the balance
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Best Regards
davide

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

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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.
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Hi Madhu,
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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

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.
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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

Retained Earnings account type

Hi guys,
While creating a retained earnings account, we have a field called P&L statement account type which is given as X or Y. What is the meaning of this?
Do we assign this X or Y somewhere to the Pand L account.
Thanks
srik.

HI,
With the P&L statement account type, you determine the retained earnings account for each P&L account. The retained earnings account is used during year-end closing to calculate the company's result.
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Dependencies
If you determine during a fiscal year that you mistakenly designated a G/L account as a P&L account instead of a balance sheet account, you will need to change its master record. You will then have to rerun program SAPF011 to correct the balances of the G/L accounts carried forward
Means will transfer the P& L account balance to balance sheet.
Reg
Madhu M

FS10N Opening balance difference (Retained Earnings Account)

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