Retained earnings closing balance of FY20 not equal to opening of FY21
SummaryRetained earnings closing balance of FY20 not equal to opening of FY21
We came across an issue where the "Retained Earnings Current" closing balance of FY20 P13 YTD is not reflecting correctly as "Retained Earnings Prior" of P1 YTD FY21. But when I change P13 to Periodic (from YTD), the values are reflecting correctly.
I have although raised an SR with Oracle on this and they have reverted the issue is genuine and they are looking for a reason, any help from the experts here might help resolve this faster.