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Ramesh, Retained Earnings Account get's defined under the tab "Year End Processing". This tab is located under the Ledger Options. This is the same form where you define other things like Supspense Account,CTA etc. Hope this helps. Regards

Hi Ramesh,

Pls. find url below  a case study on creating Leder in R12 GL.

http://realizeoracle.com/sitebuildercontent/sitebuilderfiles/r12_gl_config.pdf

May be helpful.

Thanks

Ramesh

You will find this option to define Retained Earning -in step 2 of 4, Accounting Setup Manager> Accounting Setups> Year End Porcessing.

Let me know this solves your problem.

Venkat Malladi

Ramesh,

You are probably testing using the solutions beacon R12 instance. There is a problem in that instance which I haven't figured out what it is. When you compile your flexfield the message comes up indicating that the flexfield was successfully compiled. however if you go to see your requests, you will see that it did not in fact compile and it seems that the program is unable to compile any of the COA in GL. For this reason when you are setting up your ledger you do not get the next button to get to the year end processing tab and entering the Retained Earnings account and the rest of the Ledger setup that is required.

I ran into this problem with the SB R12 instance and was unable to find any in metalink to help me solve this. But I think there may be some data corruption or something else with that specific instance.

Hope this helps

Munir

Hi Ramesh,

Follow the below mentioned steps, I think you will get your answer

• 1. Define Accounting Option
• 2. Click on the Define Accounting Option (B)
• 3. Click on the Add Legal Entity (B)
• 4. Click on the Add Legal Entity (B) once again
• 5. Search for your Defined Legal Entity
• 6. Click on the Go (B)
• 7. Select the Legal Entity and click on select (B)
• 8. Click on the apply (B)
• 9. Now you move to Next Region that is Primary Ledger Set Up
• 10. The First Step is the Ledger Option so to update these options, check the status which is in progress. (Like it show the watch)
• 11. Click on the pencil on the update field
• 12. Provide any info if you want to update and click on the Next (B)
• 13. Search Retained Earnings Accounts
• 14. If no combination found click on the Create (B)
• 15. After pressing Create (B) , Click on the Search (B), the combination will appear, Select the Combination and click on Select (B)
• 16. Provide the info if you want to update and click on Next (B)
• 17. Enable Check box of Enable Journal Reconciliation
• 18. Provide the info if you want to update and click on Next (B)
• 19. Review the info and if everything is correct click on Finish (B)
• 20. The Status is now complete of the First Step, that is Primary Ledger
• 21. After this you need to complete the Reporting Currency (if any), Balancing Segment Value Assignment, Sub Ledger Accounting Options, Operating Unit and Sequencing.

Let me know if you are not able to create the Retained Earnings. You can reach me @ shiv.dey@gmail.com

Regards

Shiv

hello dear ,

first make sure that u entry the values under the OQ "the value qualifier"

check allow dynamic insert check box

add user management responsibility and clear the java cash

recompile the accounting FF

hope it will work

and finally,

make sure, that your Retained Earnings account is defined as a liability account.

But, based on your description, it seems, that it´s more technical.

I experienced, that the most successfull way to setup GL is to follow the logical way.

Good luck

Tom

Hi tom I think the return erring account comes under the wounr equate account

Hi Samer,

sorry??

Did you mean under the Account_type "Equity / Stockholder"?? Yes, this is correct, but it´s also working for Liability Account_type.

br

Tom

Hi,

I'm trying these in Solution Beacon, As Munir said it may be problem with corrupted data. I'll try to do in other instance and post the results here.

Thank you all

Thanks

Ramesh

Ramesh,

Do you know of any other public R12 Vision instance? I have been playing in the SB instance for a while but there are a lot of errors on it and SB does not maintain the website or provide a forum to report errors to correct.

Thanks

Munir

Hi Munir,

I do not know any other Public Instance for practice, I'm trying for that one.

Thanks

Eshwar

You can try in Oraclecontractors.com