Good day, accounting433.
Let me help clear things about why Trial Balance and Balance Sheet does not reconcile under the cash method in QuickBooks Online (QBO).
The Trial balance report is made on a particular date and its ending balances are presented in the debit or credit column. A Balance Sheet, on the other hand, is made at the end of each and every financial year and this presents the shareholder's equity, liabilities, and assets of the company. That said, it is normal for a Trial Balance and Balance Sheet to not be equal.
Here are some additional articles about managing a wide range of reports in QBO:
You might also want to visit our QuickBooks Online learning guides for tutorials and webinars about the product.
I'll be right here if you have further questions. Keep safe and have a good one.
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