General Ledger - EBS (MOSC)

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R12.1.3 - FSG - Calculation of Statutory Reserves based on Retained Earnings

edited Jun 1, 2016 5:09AM in General Ledger - EBS (MOSC) 1 commentAnswered

Dears,

I need to map one business scenario in Balance Sheet prepared in FSG as follows:

When Capital has reached to certain amount, then YTD Retained Earnings should be distributed as 10% to Statutory Reserves and 90% to Retained Earnings account.

For Example,

From Jan-Jun > If Capital = 30M

Retained Earnings = 100%

From Jul Onwards > If Capital = 150M

Statutory Reserves = 10% of YTD Retained Earnings

Retained Earnings = 90%

Kindly let me know if anyone knows the way to achieve it.

Thanks and Regards,

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