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balance on account using app Balance Sheet / Income Statement App ID F0708 does not appear correct

Cora_Phelan
Product and Topic Expert
Product and Topic Expert
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balance on account using app Balance Sheet / Income Statement App ID  F0708 does not appear to be correct compared to Display Line Items in General Ledger  (app id F2217).

Accepted Solutions (1)

Accepted Solutions (1)

Cora_Phelan
Product and Topic Expert
Product and Topic Expert
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Review of balances in app app Display G/L Account Balances App ID F0707

Check if account is a retained Earnings account. See https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/LATEST/en-US/3753d7531a4d424de10000000a... Determination of Annual Net Income and Retained Earnings

See referenced in same

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The profit (or loss) carried forward (retained earnings)

The profit (or loss) carried forward from previous years is taken from the retained earnings account (see the diagram above), provided you have assigned the account to this item in the financial statement version. The balance from the profit and loss statement accounts is carried forward to this account by the balance carry forward program. No document is created. The retained earnings account is debited in the new year if the company uses the retained earnings.

See also https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/LATEST/en-US/49c2d553088f4308e10000000a...

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Profit and loss accounts

Profit and loss accounts are carried forward to one or more retained earnings accounts. When balance carryforward is performed, the balance of the profit and loss account is set to 0.

See 2841595-Release Information Note: Automatic Account Determination for S/4HANA Cloud Edition 1911 -https://launchpad.support.sap.com/#/notes/2841595 which shows where the retained earnings account is configured in Manage Your Solution

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The Retained Earnings Accounts is set in Manage Your Solution -> Configure Your Solution -> Application Area: Finance -> Sub Application Area: General Ledger -> Items Name 'Chart of Accounts' ->Step Automatic Account Determination SSCUI ID 100297.

Transaction Group BIL (Balance sheet)

Transaction Key BIL (Balance carried forward)

If there is a document in Display Line Items in General Ledger this is representative of a manual posting and is not generated via the balance carryforward as no document is created via the Carry forward balances (App ID F1596)

#retained earnings #balance carryforward #100297 #P&L

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