Trial Balance out of Balance since Jan 2019
Please assist on how to adjust prior period (2019) out of balance Trial Balance. There is a difference in the reatained earnings in 2019 vs Dec 2018. There is no balance in the historical balancing a...
Forum Discussion
Hi,
I am reporting FY23/24 tax, and the trial balance at 30/6/24 is not balancing by $317.52.
The trial balance at FY22/23 (which is already close) do balance.
Trial balance on 31/7/24 however is out by the same amount ($317.52). I looked through all the journal entries from 1/7/24 to 31/7/24, they all balance, so I cannot fathom why the discrepancy exists? Is this a software glitch?
Please help!
Hi gigiplus,
If your trial balance is out of balance, one possible reason could be that the current financial year of your file does not align with the report you are running. The account reports are designed to work for the previous, current, and next financial year. For example, if you are running the report for 2023/2024, you should ensure that your current financial year is set to 2023, 2024, or 2025. This adjustment should resolve the issue. However, if the problem persists, I recommend reaching out to support via the MyAccount window or contacting the live chat team through MOCA.
Feel free to post again if you need any other help.
Thanks,
Genreve
