How to Setup for Enhanced Retained Earnings Roll Forward?

In Practice

To specify a beginning retained earnings account, perform the below steps:

1. Navigate to the Consolidation Control Panel from the Planful application Home page.
2. Click Consolidation Setup.
   
   
3. On the Consolidation Setup page, under Retained Earnings Roll Forward, select the account where you want cumulative retained earnings automatically posted as shown in the example below. Select the Include in the Consolidation Process checkbox. Selecting this checkbox enables the option to select an account for Beginning Retained Earnings.
   
   
4. Under Source Account for Beginning Retained Earnings Calculation, select the rollup\parent account which represents the Total Retained Earnings.
   
   
5. Click Save.