Income Statement YTD vs Period

Yahoo Archive
1
Sal,



That usually happens when you don't run the "Transfer Opening Balances
to Next Year" process under Financial Management> General Ledger>
General Operations.



Did you run that as part of your yearend close out process?



Tim Hager

Controller

Diba Industries, Inc.

tim.hager@... <mailto:tim.hager@...>







From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of dciepicor
Sent: Thursday, July 12, 2012 9:37 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Income Statement YTD vs Period





Hello,

Hope someone can help... When we run the Income Statement in a new
Period in a new Fiscal Year the YTD totals are not equal to the Current
Period totals. The YTD totals seem like they are still pulling data from
the previous year. Did we forget to do a step in closing the previous
year? Thanks!!

-Sal



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2
Hello,

Hope someone can help... When we run the Income Statement in a new Period in a new Fiscal Year the YTD totals are not equal to the Current Period totals. The YTD totals seem like they are still pulling data from the previous year. Did we forget to do a step in closing the previous year? Thanks!!

-Sal