Retained Earnings Prior and Retained Earnings Current movement behavior
Summary
Retained Earnings Prior and Retained Earnings Current movement behaviorContent
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.
Tagged:
1