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dmcfarren
Level 1

Retained Earnings account isn't included in Balance Sheet Standard report

Quickbooks Desktop Premier.  When I run the Balance Sheet Standard report I get the error message saying that it's out of balance.  What I discovered is that the Retained Earnings account isn't being included in report.  I think that's because I imported a non-profit chart of accounts and the retained earnings account is actually called "Unrestrict (retained earnings)" with the account number 3010.  Furthermore, this account has two sub-accounts:  3020 - Board-designated net assets and 3030 - Board-desig - quasi-endowment.  I don't know if the name of the account not being Retained Earnings is the problem, or the fact that it has sub-accounts, but it's just not showing up in the Standard Balance Sheet.  Strangely, I don't have the problem with the Summary or Detail Balance Sheets, only the Standard one.

Can anyone shed light on how I fix this?

1 Comment 1
dmcfarren
Level 1

Retained Earnings account isn't included in Balance Sheet Standard report

I figured it out.  It was because of the two sub-accounts.  Once I moved them out from under the retained earnings account the Balance Sheet - Standard report started working fine, with no errors.  I guess I had to go to the trouble of posting this before I figured it out.  Murphy's Law.

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