How to Create a Retained Earnings GL Account in SAP

How to Create a Retained Earnings GL Account in SAP in T code FS00 or SAP Easy Access path.

Why this GL required? – To assign this GL account in the Retained Earnings Configuration T code: OB53.

SAP Easy Access – SAP Menu -> Accounting -> Financial Accounting -> General Ledger -> Master Records -> G/L Accounts -> Individual processing -> Centrally – Double click on Centrally.

Click on Create icon.

Popup will come – Give G/L Account number (as per account group), company code and click on continue.

Type/Description Tab: Enter the required data like – Account group, Account type, short/long text.

Control data Tab: Enter the required data like – Currency, Tax code, Reconciliation type, open item management, line item display, sort key.

Create/Bank/Interest Tab: Enter required data like below.

click on save.

See the Retained Earnings GL account – 200000 created successfully.

Now we need to assign this GL account in the Retained Earnings Configuration T code: OB53.

SAP FICO Configuration topics:

• SAP Finance Enterprise structure: Click here
• SAP Finance GL Accounting: Click here
• SAP Finance Accounts Payable: Click here
• SAP Finance Accounts Receivable: Click here
• SAP Finance Bank Accounting: Click here
• SAP Finance New Asset Accounting: Click here
• How to Create a Controlling area in SAP: Click here
• SAP Controlling – Cost Element Accounting: Click here
• SAP Controlling – Cost Center Accounting: Click here