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Multi-Company Retain Earning w/ two different close peroids

edited Nov 28, 2019 11:50AM in Accounting / ERP 1 comment

I am having an issue with our 2012 financials.  Our Retained Earning Prior Year have changed because our Indian subsidiary is on a different YE close period. I am in an audit and I cannot reconcile our RE accounts because our Indian sub has made an YE tax adjustment which impacted RE.

I spoke to our Indian accountant and he has said that his entry is correct but that the problem maybe with NS.  

Has anyone had any experience with changes to RE due to different YE close periods?

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