Balance Sheet Reporting Errors
Since New Year my end of 23/24 balance sheet reports shows incorrect bank account values.
Viz
on 31/12/24 shows correct and reconciled value $128k approx vs $223K approx today.
What has changed?
How do I fix?????
Forum Discussion
Thank you, how do I refresh the opening balances?
Regards Nifty
Hi Nifty,
You can refresh the historical balance by following the steps below:
- Go to Accounting >> Chart of Accounts >> Account Opening Balance.
- Select an account with a $0 opening balance (note this account).
- Enter a $1 opening balance for this account and click OK.
- Go back to Accounting >> Chart of Accounts >> Account Opening Balance and remove the $1 balance to make it $0. Click OK.
- Run your balance sheet again, and it should now balance.
Additionally, this Help article has detailed information that you might want to review.
Regards,
Earl
