Robyn-COS
4 months agoContributing Cover User
Retained Earnings Rollover
$2742.50 which is included in the net profit for 2022-23 has somehow reversed in July 2023. Instead of being included in the Retained Earnings it is a debit entry in July 2023 trial balance and the Retained Earnings is now showing the wrong amount on the Balance Sheet. The opening year Retained earnings does not agree with the closing balance of the previous year 22-23. When I click on the transaction it is the automatic posting of last years profit but is incorrect by $2742.50.
How can I fix this ?