Hi Arvind Thanks again for these videos. Since you have mentioned a lot on the Trial Balance Reports in many of your videos, can you please do a video on the Trial Balance reporting (On the output of the Trial Balance Report) and the related accounts that get generated/impacted with the same
In general, its not suggested to change Retained Earnings account once Ledger is defined. When you try to change retained earnings account, you get the below warning message:- Changing your retained earnings account should be avoided whenever possible. If you need to change your retained earnings account, please perform the following steps: 1. Enter and post journals to zero out the ending balances for all your income statement accounts at the end of each fiscal year. 2. Purge all actual translated balances. 3. Update the retained earnings account. 4. Reverse all of the zero journal entries and re-translate. These steps will reduce, but not necessarily eliminate, the likelihood of encountering problems. Are you sure you want to continue?
Hi Arvind
Thanks again for these videos. Since you have mentioned a lot on the Trial Balance Reports in many of your videos, can you please do a video on the Trial Balance reporting (On the output of the Trial Balance Report) and the related accounts that get generated/impacted with the same
Sure
Hi thanks for the Update regarding Year End Process. Can you show practical demonstration on this.
I will try to show that in my future videos
Hello Arvind, could you please make the video on how we can change the retained earning account in GL?
In general, its not suggested to change Retained Earnings account once Ledger is defined. When you try to change retained earnings account, you get the below warning message:-
Changing your retained earnings account should be avoided whenever possible. If you need to change your retained earnings account, please perform the following steps: 1. Enter and post journals to zero out the ending balances for all your income statement accounts at the end of each fiscal year. 2. Purge all actual translated balances. 3. Update the retained earnings account. 4. Reverse all of the zero journal entries and re-translate. These steps will reduce, but not necessarily eliminate, the likelihood of encountering problems. Are you sure you want to continue?
@@OracleEbizandFusionVideos thanks Arvind.
Hi brother
Could you please make the video of FA year end close please
Sure... Stay tuned to my channel