This tutorial demonstrates how to create Retained Earnings Account
Enter Transaction code SPRO in the command field
In the next screen Select SAP reference IMG
In next screen-"Display IMG" navigate the following menu path :
SAP Customizing?Implementation Guide?Financial Accounting ?General Ledger Accounting?G/L Accounts ?Master Data? Preparations? Define Retained Earnings Account
In the next screen, Enter the Chart of Accounts to maintain the Retained Earnings Account
In the next screen, select New Entries from the Application Menu
In the next screen, Enter the following information
- Enter the P&L statement account type, to determine the retained earnings account for each P&L account.If you are creating a P&L account, you must make an entry here.
- Enter the G/L Account which will be considered as Retained Earnings account
You can maintain the posting key for this account by selecting posting key in the Application Menu
After this you can assign posting key for Debit and Credit
You have successfully created a Retained Earnings Account.