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Retained Earnings - closing balance of prior year not matching with opening balance of current year

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edited Jun 17, 2020 9:01PM in General Ledger & Intercompany 2 comments

Summary

Retained Earnings - closing balance of prior year not matching with opening balance of current year

Content

Hi Accounting experts, 

We are on Cloud 20B -- In our system i am finding a scenario like below 

for Retained earnings account 

ADJ-19 (last period of prior year)  - Closing balance   example: X 

P01-20 (first period of current year) - Opening balance example: Y --- not same as X 

In general above 2 numbers should be same and there should not be any discrepancy. 

In our case for few account combinations related to retain earnings the balances are not matching. I could not find any journals 

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