This idea has been merged into another idea. To comment or vote on this idea, please visit S1-I-3059 Opening balance figure for profit and loss accounts should be zero - currently this is not the case on the Nominal Activity report..
The basic accounting concept of transferring the P&L balance for a year to the balance sheet needs to be adhered to in all the reports. Currently, the Nominal Activity analysis shows a closing balance figure that is incorrect (for the P&L account codes), because it brings forward previous year's balances too.
The presence of a "balance brought forward" from the previous year on revenue accounts is at best confusing and could be regarded as plain wrong - this is a basic concept of keeping a nominal ledger.
Attachments Open full size