Search found 2 matches

by srini007
Wed Jun 04, 2008 10:09 am
Forum: Financials (GL, AP, AR, FA & CM)
Topic: retaind earning
Replies: 2
Views: 990

Hi Sekhar, Retained earning is the profit that is retained by the business after distributing all the dividends to share holders, interest to banks for loans and stake holders, other outstanding payments and after making all necessary adjustments. This is the only mandatory account which we need to ...
by srini007
Wed Jun 04, 2008 9:51 am
Forum: Financials (GL, AP, AR, FA & CM)
Topic: period end process
Replies: 3
Views: 1331

Hi Sekhar, The process of period end process is as follows as per my knowledge: first its Inventory to be closed follwed by PO then AP and Assets followed by AR now its the time for GL closing after all subledgers closed successfully. ensure that each and every subledger needs to be closed before st...