Note: yearly G/L posting in SAP can automatically transfer the retained profit and unappropriated profit. That means Account balance of Profit & Loss sheet can be transferred to retained profit or unappropriated profit of Balance Sheet automatically. Here just define the transfer-in account. in SAP, it is called Retained Earning Account. Here two ways to achieve:
1:Create Retained Profit account, then all balance of P&L will be transferred to this Retained Profit Account. The account in profit distribution sheet seems to be the one in balance sheet. the transferred unappropriated profit will be applied to deal manually.
2:Create Unappropriated Profit account, then all balance both P&L and Profit Disctribution sheet will be automatically transferred to unappropriated profit account. and the account in profit distribution sheet is similar to P&L account, no need to define the yearly profit account , as well as the retained profit transferring . The retaiined profit can be displayed on P&L sheet.
Spro-FA-General Ledger Accountings-G/L accounts-Master Data-Preparation-Define Retained Earning Account
Chart of Account: D999
Transaction:BIL:Balance carried forward
P&L statement:x
Account:410901
This chapter is so hard to understand clearly.