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Equity Account's Closing balance (Dec-FY24) is NOT Rolling forward as 'Opening Balance" of Jan-FY25

in Financial Consolidation and Close 3 comments

Hi Experts,

Seeing one behavior in 'Retained Earnings' Account member Movement....this is explained as below:

  1. Screen shot below shows the hierarchy of "FCCS_Retained Earnings".
  2. The observation is around TWO equity members: "3010201020 - Dividends Paid" and "3010201010 - Retained Earnings 1"
  3. "3010201020 - Dividends Paid" is child member of "FCCS_Retained Earnings" and "3010201010 - Retained Earnings 1" is SIBLING of "FCCS_Retained Earnings".
  4. We have loaded YTD balances at Dec - FY24. Closing balance (DecFY24) of "3010201020" is rolled up to FCCS_Retained Earnings" and this closing balance amount is seen at "FCCS_OpeningBalance" at Jan-25 at "FCCS_Retained Earnings Prior" member. This is working as expected.
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