What level retained earning is calculated at
Hi All
I understand that retained earning is calculated at SOB / Ledger level, my question is
In an SOB or a Ledger, I have Retained Earning setup at Ledger/SOB Level and Retained Earning account setup is for Co 10, and I create companies like 20,30,40 etc, and Company 10, 20 has revenue and expenses while 40 has expenses only, at year end will the systems create Retained Earning for opening period of next year for all companies?
I understand that retained earning is calculated at SOB / Ledger level, my question is
In an SOB or a Ledger, I have Retained Earning setup at Ledger/SOB Level and Retained Earning account setup is for Co 10, and I create companies like 20,30,40 etc, and Company 10, 20 has revenue and expenses while 40 has expenses only, at year end will the systems create Retained Earning for opening period of next year for all companies?
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