Hello
I have an error where Net Assets do not equal Total Equity, due to an incorrect Retained Earnings figure being brought across from the previous financial year. As Retained Earnings is a read-only transaction, I cannot correct it.
Does anyone know how to get around this error?
Thanks
Matt
Your file may be corrupt.
I post to Retained Earnings as I have Earnings FY23, Earnings FY22 etc.
Duncan
Hi, design_jpe
We've sent you a private message requesting additional details to further assist you with your concern. As mentioned by DuncanS, this issue is due to a file issue. We are looking forward to your response.
Best regards,
Doreen
Hi, design_jpe
We recently requested additional details to further assist you with your concern. Kindly check your inbox here in the Community Forum. We're looking forward to it.
Best regards,
Doreen
Hi Courtney5,
I hear you. It's a bit puzzling when the numbers don't quite add up the way you'd expect. Retained earnings being out of whack can sometimes happen if there's been a rollover issue in a prior year, or if something in the history hasn't flowed through properly. We've got a handy post here that runs through a few steps you can do to get things back in order: Balance Sheet is out of Balance | MYOB Community. If you've given those a go and the balance sheet's still looking off, best bet would be to have our support team take a closer look at your file.
You can reach out to our live chat support through our virtual assistant, MOCA, or submit a case via MyAccount and they'll help get it sorted for you.
Regards,
Sai
