Passing manual journal adjustment to retained earnings is possible?

Hi all
Please let me know do manual journal adjustment to Retained earning account is possible? Will this journal entry will create an issue while open the period of next year?
User wish to pass adjustment b/w retained earnings & owners equity account.
Please advice. Thanks
Regards
Sridevi

Hi:
       SAP does not recommend manual posting to RE Account . In order to have effects in RE please open the previous fiscal year (if the entry or an adjustment pertains to closed fiscal year). Post the normal entry which should have been passed under normal circumstances. Please note that entry should be posted in special period of closed fiscal year. Having posted the entry execute FAGLGVTR , this will now carry forward an adjusted RE balance.
Hope this will help you.
Regards

Similar Messages

  • Retained Earnings Error

    Hi Guys,
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    Srikanth.

    Hi
    If your retained earnings GL account not accepts to post manually, create a new GL account called "Prior period adjustment account" and do adjustments.  This standard accounting practice.
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  • CENVAT utilization by Manual Journal Entry

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  • Manual posting to Retained Earnings & Reserves Account

    Hello Experts,
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  • What is the using of retained earnings account

    HI
    In the above , please reply the answer as early as possible
    with regards
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    this question is poste in wronf foroum it sould be in FI not in MM
    from www.investopedia.com
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  • Capital increase from Retained earnings

    Hi Friends,
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    Hi,
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    Brijendra Shakdwipee
    +91 9324748230

  • The table name for the system generated transactions (Retained Earnings).

    Hi Gurus,
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    Barkat

    Hello.
    For EBS 11.5.10.2
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  • Year end rate rollover issue (Retained Earnings)

    HFM Retained earnings Showing wrong values after the years end(For January). It is happening for all parent entities at local currency total level(Entity Curr Total) but if we look at USD total values it is showing right values.. 
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    BBeloware the rules scriptswritten in the Rule file.... 
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  • Retained Earnings Account balance

    Hi,
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    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.
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  • Retained Earnings- Translation

    Hi guys,
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    For Retained Earnings, there's a rule in the HFM app to calculate it. The problem is that when I tried to translate RE to the Historical Rate, it gets overrided by the Calculation (since the Calc routine runs after the Translation).
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    Jai

    Hi there,
    I would expect to have an application manual with instructions on how to use these accounts. Do you have anything?
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  • EC-CS transaction CXCL "item substitution/calculation of retained earnings"

    in EC-CS transaction CXCL "item substitution/calculation of retained earnings" is not updating group currency on a consolidation unit that was changed from flexible upload to rollup. It does update transaction and local currencies but not group. Does anyone have any ideas as to what could cause this.

    We changed the unit from flexible upload to EC-CS to upload to FI. At this time we changed the unit masted data from flixible upload to rollup and added it to the rollup sets for GL25. We entered year to date numbers in FI for year to date november manually then did the first upload to FI and rollup to EC-CS for month of december which picks up current month. Prior to doing this when we uploaded to EC-CS and the ran CXCL "item substitution/calculation of retained earnings" it would update the two accounts "Retained Earnings Current Year" and "Net Income Current Year" which are set up for this purpose with both local and group currency. After the changes it began updating only the local currency.
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  • Appropriation of Retained Earnings

    Hi,
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    Best regards.

    I've had this situation and created a reclassification in BCS to reverse the R/3 postings and then the COI postings were those relevant per the accounting technique.
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  • Posting mannual entries to retained earnings account

    Hi Friends,
    The scenario is :  client is passing a mannual jv like this:
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    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.
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    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

  • Manual journal entries created in Ap did not see in Accounts Payable Trial

    Hi Experts,
    Report Accounts Payables Trial Balance, with parameter Include SLA/Manuals/Other Sources Flag set to Yes, does not show manual journal entries.
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    Ofter creating the journal entries i ran Accounts Payable Trial Balance, when i go through the output i did not see the Manual journal entries which are created in AP.
    Please help me it is very urgent.
    Regards,
    Raju.

    Pl check your 'Report Defintion' once to ensure that liability accounts that you are using in manual entries are included in report definition.
    Regards,
    Tarun

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