The Total budgeted Net Income for a specific Fiscal Year in Adaptive Insightsdoes not tally with the budgeted Net Income for the same Fiscal Year when computed manually

If it has nothing to do with an account formula, the discrepancy could have something to do with the exchange rates. It is possible that the Expenses, COGS, Income, and other accounts are all set to Average while the Net Income account is set to use the Ending Monthly exchange rate.

To resolve this, update the setting on the Net Income Account to reflect Average, using the steps below:

Navigate to Admin > Build and Configure Model > Manage your General Ledger Accounts.

Look for the row for Name = Net Income. Alternatively, enter Net Income on the search box to find the row.

Under Account Details, on the right pane, set Exchange rate to Avg: Monthly Average.