Net Assets not equal to Total Equity

TanBrock · December

There appears to be an error in my file as my net assets are not equal to total equity. I have tried to identify the transaction at fault to no avail. Verifying my file resulted in an error stating 'Parent record level invalid.' From what I can see on this forum I will need to arrange a file repair. Can someone please help me with that? We are still using AccountRight Premier.
Thank you

TanBrock · December

There appears to be a discrepancy between net assets and total equity. I cant identify where the problem transactions lay. From investigation on the forum it appears I will need to get my file repaired. Can someone please help with this? We are still using Account Right Premier.

Thank you

gavin12345 · December

Hi @TanBrock

Yes generally a repair is required, esp in combination with the verification error. Here is a link to MYOB's data repair service.

incidentally there are others who repair MYOB files (v19 or AR2022) - search for 'MYOB data repair' and look for first few non-MYOB sites. Usually cheaper than MYOB, always quicker (few hrs).

Regards

Gavin

(gavinw222@gmail.com)