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Evo-ERP and DBA Classic >> Accounting >> Balance sheet doesn't agree w/trial balance
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Message started by Mike_Habich on 03/11/05 at 14:29:17

Title: Balance sheet doesn't agree w/trial balance
Post by Mike_Habich on 03/11/05 at 14:29:17

On a few accounts, each with few transactions, the trial balance for the account is zero, but the balance sheet is non-zero. For example:

from balance sheet...

LONG TERM DEBT
Capital Lease Obligations <$56.13>
--------------------------------------------------------------

print GL trans for Capital Lease Obligations

G/L Acct Dept Trans Dt Entry Dt Ty Batch # Description Inv/Vch # C/V/P Code Debit Credit
---------- ---- -------- -------- -- -------- ------------------------- ---------- ---------- ---------------- ----------------
25700 12/31/00 03/13/01 GJ 1 Beginning Balance 1 BEGBAL 1,111.87
25700 02/14/01 02/21/01 RP 5 139038-00 SEALAI 292.00
25700 04/27/01 05/14/01 RP 36 201812-00 SEALAI 292.00
25700 07/27/01 08/06/01 RP 54 269313-00 SEALAI 292.00
25700 10/29/01 11/01/01 RP 63 335906-00 SEALAI 292.00
25700 12/31/01 03/13/02 GJ 96 ADJUST CAPITAL LEASE 105 2001 AJE 8 56.13
---------------- ----------------
Total 1,168.00 1,168.00
Net Transaction
================ ================
Grand Total 1,168.00 1,168.00

What could cause this?

Title: Re: Balance sheet doesn't agree w/trial balance
Post by Lynn Pantic on 03/11/05 at 15:59:03

At one point (and the dates of these transactions look about right - back in 2001 or 2002) if a backdated entry was made to a balance sheet account zeroing it out as of a year end, the balance forward was not properly calculated. UT-K-D on those accounts will fix it.