FrontAccounting forum — The retained earnings account

Re: The retained earnings account

null@example.com (apmuthu) — Sun, 07 Jan 2018 07:24:41 +0000

The standard sql/en_US-new.sql chart already has the Profit & Loss Account defined at Line 323 and set in the SysPrefs at line 1853.

Make sure your tables have these records.

Re: The retained earnings account

null@example.com (realjedd) — Sun, 07 Jan 2018 05:15:23 +0000

then how i can solve this issue?

Re: The retained earnings account

null@example.com (realjedd) — Sun, 07 Jan 2018 05:08:58 +0000

US chart 4 digit

Re: The retained earnings account

null@example.com (apmuthu) — Thu, 04 Jan 2018 17:45:53 +0000

The said error can come in when the "Preferences" link (Setup => Display Setup) cannot be saved since there would have been no Profit & Loss Account defined or defined wrongly (line 66 of admin/gl_setup.php).

This error can also come when a fiscal year is closed without any Profit & Loss Account defined as seen in line 137 of admin/db/fiscalyears_db.inc.

Assume you are using FA 2.4.x.

Which Chart of Accounts did you start with?

The retained earnings account

null@example.com (realjedd) — Thu, 04 Jan 2018 08:49:19 +0000

Hi All
Please can any one clarify to me this. I try to make update but i got this red message

The retained earnings account must be an account of the financial statement or ...

see Pic
https://imgur.com/a/ucIPl