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