Why the TB and BS balance will no match after the revalue adjustment entry ?

Welcome to the QuickBooks Community, Ema.

I’ve got the information why there is a mismatch between your Trial Balance and Balance Sheet reports after you’ve made a revaluation adjustment entry in QuickBooks Online (QBO).

The discrepancies occur because QuickBooks calculates realized and unrealized gains or losses, which can lead to differences between the amounts shown in the trial balance and those on the balance sheet.

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Dear Sir/Madam,

We understand that the discrepancies arise due to the treatment of realized and unrealized gains or losses.

May I kindly check whether there is any way to tally up the trial balance with the balance sheet while also reflecting the realized and unrealized gains or losses in the balance sheet?

Any guidance you could provide would be greatly appreciated. Thank you.

Best regards,

Ema

Hi there, Ema.

Please note that we are unable to tally these realized and unrealized gains or losses directly in the Trial Balance against the Balance Sheet, as gains or losses are reflected only in the Profit and Loss report. The Trial Balance lists account balances without separating these items, as they are typically recognized in different financial statements.

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