Hello there, @Skikat9.
Balancing your QuickBooks Desktop's balance sheet is crucial for gaining meaningful insights into your company's financial status and making informed business decisions. By fixing an imbalanced balance sheet, you can eliminate discrepancies and ensure the accuracy of your financial records. Let me share some steps to help you resolve an unbalanced balance sheet.
Before we proceed, we recommend creating a backup in case we need to edit transactions to resolve this.
- Run the report in accrual basis.
- Find the date when your balance sheet went out of balance.
- Find the transactions that are making your balance sheet out of balance.
- Re-date the transactions.
- Delete and reenter the transactions.
If you need detailed instructions on the steps mentioned above, I suggest you refer to this article: Fix a Balance Sheet that's out of balance.
Furthermore, if the issue persists, I recommend verifying and rebuilding your data to resolve common concerns in your company file.
Moreover, asking for your accountant's help is highly recommended since balance sheet reports can be tricky.
If you need to combine financial reports from multiple QBDT company files, this article provides guidance: Combine reports from multiple company files.
You're always welcome to visit us for further assistance in balancing your balance sheet. The Community space is here to help you.
