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Evo-ERP and DBA Classic >> Accounting >> Problem with end of fiscal year
http://www.istechforum.com/YaBB.pl?num=1101936340

Message started by wildco on 12/01/04 at 13:25:40

Title: Problem with end of fiscal year
Post by wildco on 12/01/04 at 13:25:40

Hi,

We are having a problem with the end of fiscal year (Nov 30th for us). We ran the AM-B just fine, but now we have some adjustments. The adjustments enter in correctly, and the current balance sheet is correct, but on the prior year (the year just ended) the current period profit is not calculating correctly). Therefore, our total assets does not equal total liabilities plus total equity.

Help please ???

Thank you very much!

Title: Re: Problem with end of fiscal year
Post by Lynn Pantic on 12/01/04 at 16:20:32

If you use the Custom Financial Statements (GL-N) the Earnings calculation doesn't work right. You need to run a standard GL-F Balance sheet to recalculate hte prior year earnings, then you can run the GL-N.

Title: Re: Problem with end of fiscal year
Post by wildco on 12/02/04 at 04:47:03

Thank you Lynn! You are a lifesaver!