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Balance Sheet Issue

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HappyInOregon

Instructor
May 28, 2009
1
US
We have a client who created a new equity account. The client posted an AJE to the account debiting the equity account and crediting an income account. The client's Profit & Loss report includes the credit to the income account but the Balance Sheet for that period is out of balance as the equity account does not appear on the report. Does the client need to format the Balance Sheet or is there something missing when the equity account was setup? Any suggestions would be greatly appreciated
 
Check the FR report for the Balance Sheet, either the new account is not included on the report, or the new account has not been assigned the correct account group.
 
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