Q: Do you have an audit trail?
A: Yes Quick Consols does have an audit trail. The following items are currently tracked
- Mapping updates
- Trial balance uploads
- Integration events
- Exchange rate updates
- Journals posted
- Reports run
Q: What is Retained Earnings (RE) adjustment?
A: Quick Consols tracks your retained earnings movements. Retained earnings that are uploaded into the system should only move between fiscal period 12 and 1 when your accounting system recycles your earnings to retained earnings at the end of the year.
If we see this account moving month on month we will create and adjustment which is posted to Retained Earnings Adjustments and make a note in the system.
This account will only arise if you've had any direct posting to retained earnings in the past.
You can hide this account in the balance sheet by clicking "Merge RE with Adjustments".