Balance sheet not matching

Question

Hi I have done a journal to correct gst entries that was incorrect from locked periods.

The journal is not reflecting in the balance sheet

Genreve_S · Answer

Hi @tbezuidenhout,

That does sound odd if it doesn't match in the same period. This may be related to the current financial year in the file rather than a transaction issue. A false out-of-balance can appear on the Balance Sheet or Trial Balance if the report is run for a financial year that is more than one year ahead of the current financial year in the file.

A good next step would be to:

* check the current financial year in the file
* roll the financial year forward until the report year is the current year or next year
* run the Balance Sheet or Trial Balance again

If the report is still out of balance after that, it may need further investigation as a genuine out-of-balance issue. In that case, please contact our support team through My Account or live chat via MOCA, our virtual assistant

Regards,
Genreve

tbezuidenhout · Answer

the trail balance is balancing. So in the journal I have basically reversed the transaction and re entered it correctly. To reflect the correct GST. I have checked all reports are for the same date. Accountant suggested to do the journal. The journal date is not against a locked period.

tbezuidenhout · Answer

Why does my GST accrual summary and detail does not match in totals?