Define Retained Earnings Account | OB53

"SAP OB53 screen showing how to define a retained earnings account in SAP FI"

Define Retained Earnings Account | OB53

To carry over profits and losses to the following year, a retained earnings account is required. One or more retained earning accounts may be in your possession. The revenue and expense profit and loss accounts will be offset by these 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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