Forum Discussion

victor's avatar
victor
Cover User
2 years ago

NETASSETS DO NOT BALANCE EQUITY

Suddenly the total net assets do not balance total equity.   I followed the instruction to select an opening balance account put 0 and removed and still same unbalance.   I traced the date wh...
  • Genreve_S's avatar
    Genreve_S
    2 years ago

    Hi victor, 
     

    Thanks for reaching out and welcome to the Community Forum. 

     

    I understand that the balance sheet is one of the most important reports on the file. Generally, if there's an out-of-balance, this has to do with how the current financial year is related to the report. Currently, the system only allows us to run a balance sheet or trial balance report accurately if we are running the report in the current financial year or the next financial year. If we checked this and this is not the cause of the issue, then this file likely needs to be sent to the repair team. 

     

    Let us know if you need any further assistance. We're happy to help. 

     

    Cheers,

    Genreve

Genreve_S's avatar
Genreve_S
MYOB Moderator
2 years ago

Hi victor, 
 

Thanks for reaching out and welcome to the Community Forum. 

 

I understand that the balance sheet is one of the most important reports on the file. Generally, if there's an out-of-balance, this has to do with how the current financial year is related to the report. Currently, the system only allows us to run a balance sheet or trial balance report accurately if we are running the report in the current financial year or the next financial year. If we checked this and this is not the cause of the issue, then this file likely needs to be sent to the repair team. 

 

Let us know if you need any further assistance. We're happy to help. 

 

Cheers,

Genreve

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