Hi All,
I have gone through the retained earning thread for carrying forward the PL balance to the next year, howvever, i am little confused after reading one thread so wanted to confirm if I am on the right track.
I have created one a retained earning account in OB53 with PL statement account type as "X".
Now the confusing is do I need to create this retained earning account in FSP0 chart of account level or FS00 central level.
Also, is the given required set is enough to carry forward the PL balance to this retained earning account at the end of the year or do I need to assign this PL statement account type "X" to all the PL account.
If yes, Can you please specify where to assign this "X" and ow do I get the control tab PL statement account type in fs00.
Your input on this is highly appreciated
Regards:
Jamshed khan