Retained Earnings Accounting

[sniffing]

Hi there,

We have different companies sharing same Set of Books and each company has its own retained account. At the year end General Ledger posts the net balance of all income and expense accounts from the prior year against your retained earnings account. As we are having different companies it will use the same code block it will just change the company.
Ex: A-100-20000
B-100-20000
But we want for company B to go this code block B-200-40000
I know we can do manual adjustments at year end, but i am just wondering if some one can suggest a better way to handle this. Any help on this would be really appretiated.

Thanks,
Kiran

[ramu.parepalli]

Hi Kiran,

This might not be possible in a Automated way. As we are defining a single Code Combination for Retained Earnings account while defining Set Of Book.

Retained Earnings Code Combination (Except Balancing Segment Value) is defaulted from SOB Retained Earnings Combination level.

Please correct me if I am wrong.

Thanks & Regards,
Ram

[Murthyoracle]

What Ram says is correct. As we are defining one code comination for Retained Earning Account in one SOB. Due to this we can't separate different code comibination for each company in Automated ways. I dont have idea regarding Manual process. Can you provide scenariaos on this.

murthyoracle