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Incorrect Retained Earnings in Trial Balance with Opening and Closing Balances

edited Nov 2, 2023 5:22AM in Ask A Guru 18 comments

Hi All

We have followed the steps described in Suite Answer 73701.

 https://suiteanswers.custhelp.com/app/answers/detail/a_id/73701/~/create-opening-and-closing-balance-column-for-the-period-amount-in-the-trial

 https://community.oracle.com/netsuite/english/discussion/4477345/watch-how-to-add-an-opening-and-closing-balance-column-in-a-trial-balance-report#latest

However, the customized Trial Balance with Opening and Closing Balance Columns is out of Balance because Retained Earnings amount is different from the Default Trial Balance without Opening and Closing Balance Columns.

The customized the TB to add the opening balance, all looks correct except for the retained earnings figure:

This default Trial Balance is correct but the Retained Earnings in Customized Trial Balance with Opening and Closing Balances is wrong.

Thanks for your guidance.

Kedalene Chong

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