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Retained Earnings Prior and Retained Earnings Current movement behavior

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edited Jul 14, 2017 4:42PM in Financial Consolidation and Close 9 comments

Summary

Retained Earnings Prior and Retained Earnings Current movement behavior

Content

Hi, while trying to configure the Changes of Equity report I started to notice a strange behavior, at least for me, regarding the two accounts mentioned on the summary 

While I agree that the Retained Earnings Current should have an Opening Balance movement, the value in the Closing Balance or Total Movements for every month should only be the value coming from the Net Income account, I think there is a movement missing that would cancel out that opening balance because that account should start from scratch every year the same way flow accounts work. 

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