Forum Discussion

Bassem's avatar
Bassem
Experienced Cover User
2 years ago

Retained earning at year end not rolling over to Opening RE in Client Accounting

Hi There The retained earning in the previous year is not rolling over as opening for the new year in Client Accounting MYOB AO. So I am getting an out of balance equal to the profit amount in the p...
CoolSteel's avatar
CoolSteel
Experienced Cover User
2 years ago

Did you find a solution? Im having the same problem.  I just closed a financial year after doing EOY adjustements, and the Current Year Earnings have not rolled over into Retained Earnings, (as they used to do when years were "Rolled over" instead of "closed").  I also noticed that there wasnt the normal questions asking if we wanted to retain open items etc, and the whole process took 1 second (previous years always took a while while old items were cleared etc).  Worried that I've done something wrong.

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