Solution Properties
Solution ID:
224924150049051
Last Modified Date:
Thu Jul 01 00:01:43 UTC 2021
Taxonomy Path:
Category//Performance
Author:
LegacyAuthorUS
What General Ledger (GL) account types close to retained earnings when closing the fiscal year?
Description
Cause
Resolution
The account types that close to retained earnings are
Income
,
Cost
,
Expense
, and
Other Income
.
See article 36217 "DocLink:
How do I verify retained earnings balances in General Ledger?
" for more information on how accounts will affect Retained Earnings during the task Close Fiscal Year.
Defect ID
Steps to duplicate
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