Retained Earnings at the start of year does not match the Retained Earnings at the end of prior year
This support note applies to:
- AE Statutory Reporter (NZ)
- Workpapers (NZ)
- AO Statutory Reporter (AU)
- AE Workpapers (AU)
- AE Statutory Reporter (AU)
Article ID: 38220
In MYOB Accountants Enterprise (AE) and Accountants Office (AO) Ledger after the migration of a ledger, you may experience that the Retained Earnings at the start of the year does not match the Retained Earnings at the end of the prior year. This may also result in an out of balance amount to appear in the Balance Sheet.
If you have already rolled over to the next financial year you will need to update the Current Year Earnings value in the Modify Prior Year Balances table.
- From your client's Workpapers tab, select Modify Prior Year Balances from the Task panel.
Update the profit amount contained in the following accounts to reflect the after appropriation amount, then click OK.
If you are using... Modify account code... MAS and AO Classic General Ledger 639 - Current Year Earnings AE Accounts 1000 - Current Year Earnings For example:
MYOB INTERNAL STAFF ONLY
Insert PR# 135731067919