We’ve come across a bit of a hurdle in reconciling between the Eclipse generated Financial Statement and the Phocas Financial Module.
In Eclipse there exists a system generated account 47 (Current Year Eclipse Net Income) that is not being “imported” into Phocas.
It seems that these two systems have their own definition/logic of calculating these amounts, not that either are wrong. In Phocas being ‘Current Year Earnings’.
I’ve read through ‘Map the Retained Earnings account(s)’ and want to ask if the setup for this ‘Retained Earnings Account’ is something set up at initial implementation of the Financial module and if it’s something that could be explored to solve this issue? Perhaps something within Eclipse concerning this account 47.
Any insights is much appreciated.