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When The Last Period of The Year is Closed The Balance in the Retained Earnings Account Has Not rolled Forward to The Next Year (Doc ID 143269.1)

Last updated on OCTOBER 07, 2020

Applies to:

Oracle General Ledger - Version 11.5.10.2 to 11.5.10.2 [Release 11.5.10]
Information in this document applies to any platform.

GLXIQACC - Account Inquiry
GLOOAP - Open Period

Symptoms

The balance in the Retained Earnings Account is not rolled forward from one year to the next.

When the last period of the current fiscal year is closed and the retained earnings account is queried it does not reflect the net balance rolled over . This is because the retained earnings account is updated by Oracle General Ledger to reflect the net balance that is rolled over from the previous year only when the first period of a new fiscal year is opened .

Cause

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