History
Client year end Nov 30
Did year end close Jan 25
Found needed to make some Adjustments to Closed year Feb 22
Everything appears to have posted correctly and all reports were correctly printed and recorded.
Issue
When looking at financial statements printed for end of November - after the Year end - the Profit / Loss figure agrees to the Profit / Loss figure on the Income statement.
After preparing and posting a number of closed year adjustments (done Feb 22) the client re-runs the Financial statements for November - the Profit / Loss figure for Balance Sheet does not agree with the Profit / Loss figure for the Income statement.
While we would expect that the Adjustments done to the closed period would effect the numbers, why would there be a difference between the two values on two different reports.
Before you ask, the Balance Sheet is in Balance - the only thing strange is the value shown in P/L statement is different than the Balanace Sheet.