We just had our first year end on March 31/23. The starting balance does not match my YE amount, even after allowing for;
The new FY is overstated by a significant amount.
Has anyone experienced this ?
Best answer by andrewmurphy87
I had this exact issue. To Fix I ran the “Recalculate Account History” Process ScreenID GL509900. I first ran it on the last period of the previous year in my case 12-2022. I then ran it in the first period of the current year 01-2023.
At this point it was still out so I ran it again in 01-2023 then again in 12-2022. After this Retained earnings was back in balance.
The best explanation I got here was that sometimes if a process in Acumatica has many steps a few can be missed throwing off the system calculated retained earnings amount. “Recalculate Account History” is a fail safe for the system to reference the GL history and “recalculate” any errors that might exist. Good Luck!
Hi
I had this exact issue. To Fix I ran the “Recalculate Account History” Process ScreenID GL509900. I first ran it on the last period of the previous year in my case 12-2022. I then ran it in the first period of the current year 01-2023.
At this point it was still out so I ran it again in 01-2023 then again in 12-2022. After this Retained earnings was back in balance.
The best explanation I got here was that sometimes if a process in Acumatica has many steps a few can be missed throwing off the system calculated retained earnings amount. “Recalculate Account History” is a fail safe for the system to reference the GL history and “recalculate” any errors that might exist. Good Luck!
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