Multiple Clients Balance Sheet Doesn't Balance
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David Korpel
I've now seen 3 clients this tax season whose balance sheets didn't balance. This is the first time I remember seeing this in QuickBooks Online. Desktop, sure, but never in QBO.
Is this a known issue with a resolution, or are these clients cursed forever and forced to look incompetent when presenting their financials to banks and investors?
Subhanan Sahoo
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David Korpel The Balance sheet isn't balancing for few companies due to data mismatch on the retained earnings between modern and classic. We are currently working on a fix and this will be resolve soon.
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David Korpel
Subhanan Sahoo Thank you for the response!
Matt Skinner
David Korpel is it caused by misapplied payments? this is a known item in QBO; there's even a help page for it. it's not a bug, exactly, as it's usually caused by something like shopify being set up wrong.
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