Special Accounts

Overview

In addition to the leaf, rollup and non-financial accounts in your chart of accounts, xpna also includes special accounts which are used in financial statements. These special accounts are created automatically and cannot be modified or deleted.

Retained Earnings (RET.EARN)

The Retained Earnings account is a special account that represents the cumulative earnings of a company that have not been distributed to shareholders as dividends. The value of this account is the sum of all profit and loss accounts for all periods up to and including the selected period, converted at the average exchange rates. You may have multiple Retained Earnings accounts in your chart of accounts, xpna will use the account with the account code RET.EARN for this calculation. Other accounts with the same name are treated as normal accounts and may be transacted by your accounting system.

Because the RET.EARN account is a calculation, and not a transaction in the general ledger, you will not be able to drill to transactions for this account.

Note:

The RET.EARN account should be used in the Balance Sheet > Equity section of your chart of accounts.

xpna does not create separate Retained Earnings accounts for current and prior years.

Foreign Currency Translation Reserve (FCTR)

The Foreign Currency Translation Reserve (FCTR) account is a special account that represents the cumulative translation adjustments for foreign currency transactions. The value of this account is the difference between the closing balance of all balance sheet accounts converted at the month end exchange rate, and the life-to-date sum of all P&L accounts converted at average exchange rates.

Because the FCTR account is a calculation, and not a transaction in the general ledger, you will not be able to drill to transactions for this account.

Note:

The FCTR account should be used in the Balance Sheet > Equity > Reserves section of your chart of accounts.

See Also

DATA

Glossary

Manage currencies