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Evo-ERP and DBA Classic >> Accounting >> Out of balance
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Message started by josie on 10/04/18 at 14:16:23

Title: Out of balance
Post by josie on 10/04/18 at 14:16:23

Total assets on my balance sheet are out of balance with the total liabilities and stockholder's equity. The amount they are out of balance is the amount of an adjustment I made to WIP inventory. The amount on the balance sheet is correct, but for some reason I am off by this amount. Also, when I look at the actual general ledger account, the total that is showing is off by the same amount that my balance sheet is off; therefore, WIP inventory on the balance sheet and in the GL do not match. I don't know if these are related, or if I have two different things going on. Any ideas on where I can look, how to fix this? Lynn??

Title: Re: Out of balance
Post by Lynn_Pantic on 10/05/18 at 07:01:55

If the transaction detail and financial statements (which are looking at the chart if accounts summary files) do not agree, use UT-K-D to recalculate the summary from the detail.

Title: Re: Out of balance
Post by josie on 10/08/18 at 06:41:45

Lynn, Is this OK to do even if it's for the previous month? And can this be done at any time, even if others are in EVO?

Title: Re: Out of balance
Post by Lynn_Pantic on 10/08/18 at 11:05:35

It will recalculate all the way back to the beginning of time. You don't have to kick everybody out so long as nobody is posting GL-O or running GL reports

Title: Re: Out of balance
Post by josie on 10/09/18 at 08:43:31

Thanks, Lynn!!

Title: Re: Out of balance
Post by FRED on 12/07/18 at 12:47:21

My balance sheet is off too. I went to UT-K-D but could not produce the report to show the orphan transactions (I'd like to look at them first). the computer gets hung up saying it's on line 5 for a looooong time.

Josie did this work for you?

thanks.

Title: Re: Out of balance
Post by Lynn_Pantic on 12/08/18 at 09:09:22

You probably don't have any orphan transactions if you are on an IS Tech update 2007 or later. You can skip that step.