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August 2024
Updates to Calculation for Net Income in Multi-Entity Advanced Balance Sheet Report
Docyt July 2023 Product Updates
There was an identified issue with the calculation of the Net Income line item in the multi-entity version of the Advanced Balance Sheet Report for all industries. The value represented for Net Income was a cumulative sum of all months rather than the Year-To-Date (YTD) value.
Resolution:
We corrected this by updating the calculation for the Net Income line item to represent the YTD value in the multi-entity Advanced Balance Sheet Report. This change was only implemented in the multi-entity version of the report, as the single-entity version did not contain a total column in multi-month views.
Please note that this change only affected the multi-entity version of the Advanced Balance Sheet Report when viewing multiple months. Single-entity reports and reports viewed for a single month remained unchanged. If users noticed any discrepancies or had any further questions, they were encouraged to reach out to our support team for assistance.