General Ledger - EBS (MOSC)

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In GL Setup, is it mandatory to define 'Retained Earning' account ?

edited Jul 9, 2015 6:19AM in General Ledger - EBS (MOSC) 8 commentsAnswered

Hi,

I received requirement from Finance section to implement GL for one of our fund (worker's profit participation fund - company is sharing some part of profit with workers).

I was just reviewing the requirements and found that this fund don't have any retained earning account but I need to mention RE account in GL setup.

Can I bypass RE account or can I define some dummy account or what ?

I am new in GL, experts please guide me?

Thanks,

Umar

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