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Evo-ERP and DBA Classic >> Accounting >> Balance Sheet/GL not balanced
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Message started by kerric on 09/02/04 at 06:00:50

Title: Balance Sheet/GL not balanced
Post by kerric on 09/02/04 at 06:00:50

Hello folks. How do I balance my GL with one sided entries?

I ran GL-C to determine what entries were off. Back in December we had some PO Receipts that were entered, then price changes done. The expense account is correct (cr to wrong acct/dr to right account), but the RNI portion of the entries is not there. There are 12 of them. It appears that someone deleted that side of the entries.

How do I get this to balance without screwing up any other items? My Balance Sheet and Trial Balance are both affected.

Title: Re: Balance Sheet/GL not balanced
Post by Lynn Pantic on 09/02/04 at 09:46:56

If your posted GL is truly out of balance and the correction needs to be made in the current year, use UT-A, program EDITGL and add the missing transaction(s). Then use UT-K-D to recalculate the chart of accounts.

Title: Re: Balance Sheet/GL not balanced
Post by kerric on 09/02/04 at 10:19:24

Thank you for the response Lynn. Question: if the other side should have been RNI, and the invoice is already come and gone, won't that complicate matters further?

Title: Re: Balance Sheet/GL not balanced
Post by Lynn Pantic on 09/02/04 at 10:39:47

All you are doing here is getting the GL into balance. Once Debits equal Credits, then you can look at the actual ending balances in the accounts and see if any additional journal entries need to be made.