General Ledger Summary is out & it looks like the out of balance amount relates to prior year earnings. MYOB adds an adjusting journal on 1 July of the following year that allocates to retained earnings but nothing on the other side?
Hi Jo02,
Thank you so much for your post and welcome to the Community Forum!
My apologies for the late response. Could you kindly confirm whether your balance sheet and trial balance are currently in balance or if they show an equal out-of-balance amount? If there is an imbalance, please review for any historical balancing amounts that might be contributing to this issue.
Additionally, I suggest running a future-dated General Ledger report to see if it reflects the same out-of-balance amount. This thorough examination will help us identify and address any discrepancies accurately.
Feel free to post again, we're happy to help!
Regards,
Earl
