I produce a financial statement that compares current and previous month. It takes the retained earnings acct and adds/deducts CYR revenue and expense to project a year end R/E balance. For our January report, the December R/E acct compare already contains the 2009 net income via the closing entries, and then the 2009 income is added a second time from the income and expense accts. I use BAL and BAL_M in the colspec.

Is there a different code I could use so the that income/expense acct closing entries would be picked up (not the pre-closing balance), thereby eliminating the double counting?

This is our first Adagio year end and the closing entries seem to get treated differently in Adagio compared to Accpac. It seems to me Accpac treated closing entries as just another entry, while Adagio tracks them seperately. Is this correct?

Tom

Hello Tom:

The Financial Reporter has a button that allows you to include/exclude the Y/E Closing Entries.

It is on the button bar when you are viewing a statement. The image is the letters "YE" with a superimposed check-mark. But you have to look really closely to recognize that! It is usually located beside a button labelled "P" (for Provisional). Hover the mouse over each button for an explanation of what each does.

If you don't see it, click on the "View" menu, choose "Customize", highlight "View" in the list of options and then click on the "Reset" button. That should put all of the buttons in place.