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The closing stock on the balance sheet and the Income statement for year ending 31.12.2021 are not equal, however they should be. Please note that they do not have any opening balance.
Below are the B/S and P&L stock values.
The difference is that of 8368.7. I was thinking that this could be a rounding error or something to do with exchange rates.
Does anyone have any idea what the issue could be and how to solve this? Any help is appreciated.
This blog has a series of suggestions for checking over differences: dynamics-consultants.co.uk/.../
This video is a quick tour on a valuable reporting method in this circumstance: https://youtu.be/I5C5WwedTdM
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