A5.35 How to create Retained Earning account

Question:

I have deleted Retained Earning account (with Special Account Type), how to create a new one?

Answer:

1) At Chart of Account, click on +New > Retained Earning.

2) Key in your Account No and Account Description and click on Save.

The Retained Earning account (with Special Account Type) is created.

Remark:

The selection of new Retained Earning account will appear only when there is no Retained Earning (with Special Account Type) in existing Chart of Account. This is because only one Retained Earning account (with Special Account Type) is allowed in any Chart of Account.

--Source from AutoCount Wiki --

• Related Articles

• UBSA1.167 : Access UBS (Accounting): How to make Retained Profit/(Loss) B/F and C/F (Retained Earnings) appear in Balance Sheet but not in Profit & Loss Account

  EnvironmentAccess UBS (Accounting) Microsoft Windows OS 10 Solution Go to General, General Ledger A/C Maintenance The Retained Earnings account needs to be assigned with a special account code: PA. --Source from Access UBS --

• A5.57 : Master Data - Accounting : Chart of Account

  This function allows you to maintain your company chart of account. Chart of account is a list of accounts used by your company for any accounting entries and it is also a build-up on how your financial reports will be presented. To access Chart of ...

• A5.20 : Unable to select Control Account when create Customer / Supplier

  Question: Why can’t I select Control Account when create Customer / Supplier? Possible Reason: You do not have control account in Chart of Account for Debtor / Creditor. Solution: 1) Go to Master Data (1) > Chart of Account (2) > click on '+New ' > ...

• UBSA1.70 : Access UBS (Accounting): How to enable Bank Account when create Payment Voucher

  DescriptionHow to setup transaction to allow bank ledger to be available in Pay Bills Function? EnvironmentAccess UBS (Accounting) Solution Go to Maintenance, General and select General Ledger A/C Maintenance Search for Bank Account, choose BK in the ...

• A1.99 : Prompted Message: Unable to create new account book, error message-Unknown SQL Exception.Invalid object name Setting

  Question: When I try to create new account book, error message prompted: "Unknown Sql Exception (Number =208, Message=Invalid object name ‘Setting’.)”. Why? Possible Reason : This is a known bug in version 2.0.17.154 and is fixed in version ...