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General Ledger - EBS (MOSC)

Are there any negative effects of manually updating Retained Earnings account?

Jan 9, 2018 6:01AM edited Jan 18, 2018 4:00AM in General Ledger - EBS (MOSC) 3 commentsAnswered

We are entering manual adjustments in GL accounts for correcting the balances.

The balance in the Retained Earnings account is also not correct. We need to adjust it to correct balance.

Can manual JVs be entered in retained earnings account (the one used by system to carry forward the net profit for year)?

What are the negative effects if manual JVs are entered in that account?

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