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Define Retained Earnings Account | OB53

FICO - Define Retained Earnings Account

Retained Earning Account is necessary for bringing forward the profits and losses to next year. You could have one or more retained earning accounts. They will be offset accounts to the revenue and expense profit and loss accounts.

Transaction: OB53

IMG Path: Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L Accounts -> Preparations -> Define Retained Earnings Account

Table: T030

img-path-reatained-earnings-account

When you enter into the transaction, fill the necessary fields.

 

Even though you don’t have retained earning account, you will be able to define it here with warning message.

 

 

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Hello, My name is Emiliyan Tanev. I am SAP BPC Certified Application Associate with a good process understanding of FICO. I am also an experienced accountant and financial controller with 5+ years of diversified responsibilities. I am also a member of Management Accounting Body in the UK - CIMA and CGMA in the US. I love IT and Finance which impacted my career orientation towards SAP FICO and BPC. Follow me and get the latest tips, tricks, tutorials and career guides related to SAP BPC. More about me on My Story.

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