Accounting Ideas

Nominal Activity Balances

When running Nominal Activity for the current financial year the opening balances include prior year figures which means the closing balance regardless of the period dates included are the cumulative figures. This means that the nominal activity will not match either the Trial Balance or Profit & Loss and also means that when providing such reports to auditors it just brings up unwanted questions as to why the balances don't agree.

It would be helpful to either suppress prior years or the coding calculates it properly based on the dates selected like in does in S50 Desktop version.

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  • Oct 20 2021
  • One For The Future
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