Hi there, TX6.
Your total assets should match your total liabilities on your Balance Sheet. If they don’t, we can help figure out how to fix it. Though, balance sheet reports can be tricky. It’s a good idea to ask your bookkeeper or accountant for help before you continue. If you don’t have one, we can help you find an accountant.
Since you might have to edit transactions to fix this problem, you should make a backup before you continue.
Step 1: Run the report in accrual basis
If you aren’t already, run the report in accrual basis.
- From the Reports menu, select Company & Financial and then Balance Sheet Summary.
- Select Customize Report.
- On the Display tab, select Accrual under Report Basis.
- Select OK.
If your balance sheet is out of balance in accrual basis, you should rebuild your company file first. If it's out of balance in cash basis only, or if it's still out of balance after a rebuild, continue to step 2.
You can refer to this article for the detailed steps in step 2: Fix a Balance Sheet that's out of balance.
'm also including a couple helpful links for you to check out:
If you have any other questions, feel free to post here anytime. Thank you for your time and have a great day. Stay safe!
