Discrepancy between cash balance on cash flow statement and balance sheet

[CSSK_Neil]

There is a discrepancy between the bank balance shown on the cash flow statement at the end of one period (eg 31 Dec 2021) and the start of the next period (ie the starting balance for the CF statement for 2022). The balance sheet aligns with the starting balance, not the end of the 2021 CF statement balance.

I have found that there is a transaction against retained earnings dated 31/12/2021 that is responsible for the discrepancy, which appears to be a system generated transaction when the financial year is rolled over.

How can I correct this? It means that the "Cash at the end of the period" according to the balance sheet and cash flow statement is always out of balance.

[SamaraM · Accepted solution]

Hi @CSSK_Neil 

Welcome to the Community Forum. The first troubleshooting steps I recommend is clearing the cache which can resolve some odd behaviour in reports and forms: Clearing the AccountRight Cache.

If the reports still don't look quite right after attempting to above, would you be able to provide screenshots of both, so I can reproduce the error on my end?

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.