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meijer45
Level 1

Balance Sheet Out of Balance

Hi Everyone,

 

I have a balance sheet out of balance. I have found the issue but it started well before my time.  Someone made some bill entries and did not pick an expense account for a tax and they're sitting in limbo as unpaid. How would I go about correcting this? Please keep in mind this 5 years ago and I can no simply go to the transaction and change it.

 

Thank you.

1 Comment 1
BigRedConsulting
Community Champion

Balance Sheet Out of Balance

If a transaction is out of balance because one of more of the amounts is not associated with an account, which does seem to happen from time to time, the only way to fix that is to edit the transaction and add an account to the transaction row(s) that don't have an account - is to fix the broken/invalid transaction.

 

If you must, then you can reverse the effect of that change with a Journal, or something like that.

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