| Description |
*Scenario:*
Lets say there is a company that runs a standard fiscal year end
and they post 1 transaction on December 3rd :
Accounts Receivable 500 DR
Sales 500 CR
We would want the balance sheet to say the following immediately:
Accounts Receivable 500DR
Retained Earnings 500 CR
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This is a similar request to FIN-937 and FIN-936. However, this is for FRD.
We should not require closing the year in order to roll balances forward for reporting purposes. It is not normal practice to close the year immediately after the year is over. It could take months until we are able to close the year.
Please refer to incident http://jira.irelyserver.com/browse/FIN-936 for details as how the calculation should work.
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