Recently some of our users get confused while digging into the Income Statement accounting details. She double clicked on a record of the Income Statement report to show the details per account but the Balance shown there didn’t match the account details.
The confusion is caused because we include the initial balance on this view, which includes the amounts of previous fiscalyears but the amounts from previous fiscalyears should never been included on the Income Statement report.
Why are those values shown there?
Does it make sense to hide the values from previous fiscalyears? Or there is some usage that I am not aware of?
If we do not want to alter the general ledger we can add a context flag to alter the values when opening from the Income Statement.
But I’m wondering if it really make sense to show previous fiscalyear values for accounts of Income types on the General Ledger. The reason is that they have the same balance no mather if the previous fiscalyear have been closed or not. With the current behaviour the balance depends on the closing of the previous fiscalyear because the previous fiscalyear balance is included on the final balance computation.