Discussions

Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?

Why Retained Earnings is adjusted and does not roll with net income?

edited Jan 30, 2023 9:54PM in Ask A Guru 8 comments

My retained earnings balance is changing at the beginning of the next period and therefore does not tie to my cumulative net income. My beginning retained earnings in the current year does not agree to my prior year ending retained earnings plus prior year net income. I suspect this is due to how we are closing out our CTA balance (zeroing out the CTA with a CTA Elimination entry each period to move it to the income statement, we have to do this because of how an entity was setup with the functional currency as the foreign currency when it

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 2 ((Apr-Jun 2024) )

This Week's Leaders

This Month's Leaders

All Time Leaders