Welcome, Guest. Please Login.
11/05/24 at 00:52:58
News:
Home Help Search Login


Pages: 1
Send Topic Print
Balance Sheet doesn't balance (Read 380 times)
MBG
Browser
*




Posts: 38
Balance Sheet doesn't balance
09/03/09 at 15:25:06
 
We've had a consistent $42.18 difference between total assets and total liabilities and equity on the balance sheet, going back to early 2006.  We lost power in our office as DBA (we were on DBA back then) was posting an inventory transaction.  The GL was then $42.18 out of balance, and we had to post a one-sided journal entry to be able to post any more entries to the GL.  But since then, every month total assets is $42.18 less than total liabilities and equity.
 
Can this be fixed?
 
Paul Groh
Back to top
 
 
  IP Logged
Lynn_Pantic
Administrator
*****


evolution (n) -
gradual change to a
different form

Posts: 5681
Re: Balance Sheet doesn't balance
Reply #1 - 09/03/09 at 19:05:05
 
Absolutely.  Is the Trial balance (GL-E) out of balance or only the Balance Sheet?  If the Trial Balance is good, UT-K-D will fix it.  If the trial balance is off. then UT-A, EDITGL to make the one sided entry and UT-K-D to the affected account.
Back to top
 
 

Lynn Pantic
IS Tech Support
lynn@istechsupport.com
Email   IP Logged
Pages: 1
Send Topic Print