Trail Balance and Balance Sheet are not Balancing!

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    • #4033
      Tom
      Participant

      Hello,
      The trial balance and balance sheet are not balancing.

      When displaying the trial balance and the Balance sheet, a row called “Balance” appears at the end of the trial balance and in the Balance Sheet the same row appears in the Equity column. This row shows the cumulative value of the all the sales invoices, and in effect its is adding the sales value twice to the credit side of the trial balance and twice in the equity column!!

      What is this row there? and how do I get rid of it?

      What am I doing wrong?

      Request forum experts to advise urgently as I need to go live with this installation…

      Request your urgent help.

      Best Rgds. Tom

    • #4061
      Shawon Chowdhury
      Moderator

      Hello Tom,

      If you notice the change log, you will find that we have added a new feature “carried forward”. This feature enables you to add dues and expenses from the previous financial year to the next financial year.

      So you will find a new head named “Balance” on the trial balance report.

      If you have any previous entry, then the trial balance will have the previous balance added.

      Note: We reply to each support email and forum posts. So I would request you to post only in one channel.

      Thanks 🙂

    • #4104
      Tom
      Participant

      Hello,

      Thank you for the reply. Noted your point regarding multiple channels. Erica had sent me the above reply by email and I have replied to her on the 26th of Dec with further queries and have also attached screenshots. Awaiting her reply to my email.

      Best Regards and a Very Happy New Year.

      Tom

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