Unbalanced accountants report
If the Accountants report is unbalanced, the issue should be found and fixed before the financial year is closed.
Don't force the year closed; it will make the problem worse.
Why is the report unbalanced?
99% of the time an unbalanced accountants report is due to bank and transaction balances being incorrect because:
the opening bank balance for the year does not match the opening balance of the first reconciled page
the opening bank balance for each page doesn't match the prior month's closing
a page has a discrepancy
How to find the discrepancy
Make a note of the amount the Accountants annual report is unbalanced by.
Go to Reports - Reconciliation. Does the opening balance for the first page match the opening balance for the year?
Yes - Move to 3
No - Go to CHANGE OPENING BALANCE
- Are there any discrepancies?
Yes - Go to How to balance a page