Euiquity not balance with the net asset

[lynnlu924]

Hi,

We have a client, in cash method, the net asset is not equal to the equity position, how do we fix and avoid double entry journal?

[Steven_M]

Hi @lynnlu924 

The AccountRight Classic range doesn't have a Cash-based Balance Sheet, only an accrual one. This is similar to the AccountRight 20xx product range.

In saying that, the newer MYOB Essentials/AccountRight browser interface does have the ability to run a cash-based Balance Sheet. If that should be out of balance, we would need to know information such as whether the Accrual Balance Sheet is in balance and a screenshot of that report showing that out of balance.