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Issue with Opening Balances !

edited Dec 23, 2019 10:50PM in Accounting / ERP 3 comments

Hey All ,

We have an issue with the opening balances which was posted during the implimenation

The Fiscal period of the company is from Jan to December .

The opening balances were posted on December 2013 , from Jan 2014 we started entering the transaction.

But the when we generate a TB for Jan 2014  it contains the opening balances (December 2013 )+ Jan 2014 balances .

when we compare this with the balance of existing Sage ERP it only contains the balance of Jan 2014 . I assume this is because of the year end process on Sage and the balance of december would have been transferred in to the retained earnings account .

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