Handling Retained Earnings Prior balance when loading to Closing Balance Input Movement

Summary:

Handling Retained Earnings Prior balance when loading to Closing Balance Input Movement

Content (required):

We are loading the closing trial balances to the closing Balance Input movement member. From the second year, the system Calculates the Retained Earnings prior account balance automatically in the system.

Because of this, the retained earnings prior account balance will get duplicated as it is available in the closing trial balance as well.

Currently, we don't have the retained earnings prior account balance in a separate account in the trial balance. Therefore, retained earnings available in trial balance will include retained earnings prior balance as well as other adjustments done to retained earnings.