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Balance Sheet does not balance |
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If you find that you Balance Sheet does not balance:
1. Find out which period the imbalance occurred in by printing Balance Sheets for each of the periods in your current financial year.
2. If the trial balance balances:
a. Print a Profit and Loss report for the period in question and check that it corresponds with the profit that has been posted to your Profit and Loss YTD account. If it does not,
i. .Check that no accounts have been changed from Balance Sheet to P&L accounts, or vice versa, since the profit was posted.
ii. Run the report again and post the profit for the period when requested via the dialog
iii. Check that your Balance Sheet now balances.
3. If the Trial Balance does not balance for the period in question, then refer to our FAQ ÔTrial Balance does not balance'. |
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IMPORTANT NOTE
When making any major changes to your data or undertaking processes with which you are unfamiliar, you should always work on a copy of your data, or ensure that it has been backed up, so that you could revert to this, if your changes were to go wrong.
Backups, for a variety of reasons, do not always work, so it is vital to physically check that your backup has been successful and could be restored if necessary before proceeding.
If you have any queries arising out of this document, email support@daybook.co.uk
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