diff --git a/addons/account/chart_template.py b/addons/account/chart_template.py
index a5cdd738502..e7c2925971a 100644
--- a/addons/account/chart_template.py
+++ b/addons/account/chart_template.py
@@ -727,7 +727,6 @@ class WizardMultiChartsAccounts(models.TransientModel):
         self._create_tax_templates_from_rates(company.id)
 
         # Install all the templates objects and generate the real objects
-
         acc_template_ref, taxes_ref = self.chart_template_id._install_template(company, code_digits=self.code_digits, transfer_account_id=self.transfer_account_id)
 
         # write values of default taxes for product as super user
@@ -738,6 +737,13 @@ class WizardMultiChartsAccounts(models.TransientModel):
 
         # Create Bank journals
         self._create_bank_journals_from_o2m(company, acc_template_ref)
+
+        # Create the current year earning account (outside of the CoA)
+        self.env['account.account'].create({
+            'code': '0',
+            'name': _('Undistributed Profits/Losses'),
+            'user_type': self.env.ref("account.data_unaffected_earnings").id,
+            'company_id': company.id,})
         return {}
 
     @api.multi
diff --git a/addons/l10n_generic_coa/data/configurable_account_chart.xml b/addons/l10n_generic_coa/data/configurable_account_chart.xml
index 16d53d2505d..bce30dc8f46 100644
--- a/addons/l10n_generic_coa/data/configurable_account_chart.xml
+++ b/addons/l10n_generic_coa/data/configurable_account_chart.xml
@@ -157,13 +157,6 @@
             <field name="tag_ids" eval="[(6,0,[ref('account.account_tag_operating')])]"/>
         </record>
 
-        <record id="conf_a_current_year_earnings" model="account.account.template">
-            <field name="code">0</field>
-            <field name="name">Current Year Earnings</field>
-            <field name="user_type" ref="account.data_unaffected_earnings"/>
-            <field name="chart_template_id" ref="configurable_chart_template"/>
-        </record>
-
         <record model="account.account.template" id="exchange_fx_income">
             <field name="name">Foreign Exchange Gain</field>
             <field name="code">2010</field>