MYOB Balance Sheet out of balance
Hi MYOB team, The balance sheet is not balance, i.e. Total Net Assets (Asset - Liability) does not equal to Total Equity. I tried adjusting the account opening balance, but the out of balance...
Forum Discussion
Hi Ivytinglin,
If your balance sheet’s out of whack, don’t stress, there are a few common things that can cause it. Here’s what you can check:
- Make sure you’re running the report for the same financial year as your file (the balance sheet should be for the current or previous financial year).
- Double-check that all your linked accounts are set up right.
- Try giving the historical balance a refresh (pop a zero into an existing opening balance, then change it back to what it was)
If none of that sorts it out, best to get in touch with our team. You can raise a support ticket through MyAccount, or jump onto live chat with MOCA, our virtual assistant.
Regards,
Genreve
