I appreciate you for following our article and providing a screenshot, @KM402.
I'll walk you through other troubleshooting steps to help find the specific transactions that may be causing the discrepancies. This way, your Balance Sheet will resolve as soon as possible.
Have you attempted to run the Custom Transaction Detail, Vendor, and Journal report? If not, I'd recommend opening them one at a time. This way, you can narrow down the transactions causing your balance sheet to be out of balance.
Here's how:
- Go to the Reports menu on the upper right hand.
- Select Custom Reports and Accountant and Taxes one at a time.
- Choose the report mentioned above.
- Click the Customize report button and filter the appropriate fields.
- Review the data thoroughly.
To learn more about customization, check out this link: Customize reports in QuickBooks Desktop.
Additionally, you can visit this article to find out the common issues that can throw a balance sheet out of balance:
If you still can't figure it out, I'd recommend contacting an accountant. To correct the balance, you may need to edit or delete transactions. They can assist you in reviewing your books and locating the transaction that may be causing the discrepancies. If you don't have one, click here to get one: Find an accountant.
Moreover, in QuickBooks, damaged users and roles caused the balance sheet to be out of balance. To resolve this, try deleting and redefining users and roles. Additionally, ensure that Retained Earnings are not a sub-account. This would result in an out-of-balance balance sheet.
Furthermore, check out this article below on how to manage a chart of accounts and reports in QuickBooks:
You can reply to this thread anytime if you have follow-up questions or other Quickbooks concerns. I'm happy to provide a solution. Keep safe always.
