Forum Discussion

Karina009's avatar
Karina009
Contributing Cover User
9 months ago

Historical Balance

Hi

I have the same error as another user.

Sometime during March 2024 an opening balance appeared in Historical Balancing Account.

My Balance Sheet is now out by this amount.

How do I remove?

 

  • Karina009's avatar
    Karina009
    9 months ago

    All sorted, found the adjustment required in another post

  • Karina009's avatar
    Karina009
    Contributing Cover User
    9 months ago

    All sorted, found the adjustment required in another post

    • Yelka's avatar
      Yelka
      Experienced User
      9 months ago

      how did you sorted our I have same issue. Can you please share link from other post. I try adding $1 and removing as sugested in some post but this didnt sorted out anything. Our companyn should not have historical balancing as our  business started operating on 1 July (totaly new business). Please help. Thanks,

    • Lessmith24's avatar
      Lessmith24
      4 months ago

      We have just encountered this same historical balancing problem. Could you please repost the solution, so we can fix it? We are having our audit tomorrow, 31 August, so a quick reply would be very helpful! ;-)

      • Earl_HD's avatar
        Earl_HD
        MYOB Moderator
        4 months ago

        Hi Lessmith24,

        I see you're having issues with your historical balance. Please follow these steps to refresh and resolve the issue:

        1. Back up your company file.
        2. Go to Setup >> Balances >> Account Opening Balances.
        3. Select an account with a $0 opening balance and make a note of it.
        4. Enter a $1 opening balance for this account and click OK.
        5. Return to Setup >> Balances >> Account Opening Balances, remove the $1 balance, and revert it to $0.
        6. Click OK.
        7. Run the Balance Sheet again to ensure it balances correctly.

        Let me know if it helps!

         

        Regards,
        Earl

  • Yelka's avatar
    Yelka
    Experienced User
    9 months ago

    Hi Karina, 

     

    have same issue can you please help us sorted out? How did you sorted Historical balancing that should not be in Balance Sheet? Many thanks

    • Karina009's avatar
      Karina009
      Contributing Cover User
      9 months ago

      This worked for me but it looks like you may have already tried it.

      • Yelka's avatar
        Yelka
        Experienced User
        9 months ago

        Thanks for responding so promptly. I try for me it didnt work. Not sure adding $1 for account that already have '0' balance and then removing can sorted out other account with historical balance. Regards,

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