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Former Member
Feb 05, 2009 at 03:24 AM

Business Area Financial Statement - BS/PL not balance

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Hi Experts,

Our client has various business areas. When they run their BS/PL report per business area, their PL(net profit) value is not tied up with the value in the Balance Sheet under the Stockholder's Equity.

They have done balance sheet readjustment. When they run the report with blank business area, there was a value in the stockholder's equity but where there's zero value in the PL (net profit). The value there corresponds to the total difference they get when running the report per Business Area.

They also run the trial balance for blank business area and found out that the differences are coming from Tax clearing (after running the sales and purchase tax return) and from BS readjustment for the tax.

Hope you could help me with the issue.

Thank you.