Articles

Repair QuickBooks Balance Sheet Out of Balance Problem (Solved)

by Steve M. QuickBooks Certified ProAdvisor

Balance sheet out of balance error is basically an error that shows up in the balance sheet total and the liability side total doesn’t match the asset side. In simple words, this error means that there is a contrast between the aggregates of assets and liabilities. This sort of error could be due to a couple of factors, which we will be discussing later on. If you are facing balance sheet out of balance error in your QuickBooks then you should not be worry, our accounting professionals are here to help you. Moreover, it can also be resolved by carrying out a couple of steps, mentioned later in this post.


You may also like: How to fix QuickBooks has stopped working?


In case of any query or for any further technical assistance, you can give us a call at our toll-free support number i.e. 1-800-969-7370. Our experts and certified QB professionals will be happy to help you. 




What leads to balance sheet out of balance error in QuickBooks?

The user could encounter the QuickBooks balance sheet out of balance error, due to a couple of factors namely:

  •          The very first reason can be the damaged data file
  •          Or if the user enters or links a transaction which is not compatible
  •          Another factor causing the issue can be the use of multi-currency

 

How to resolve the balance sheet out of balance error in QuickBooks?

This can be fixed by troubleshooting the data damage. The steps involved in this are:

  •          The user might need to fix the data damage using the troubleshoot option
  •          Followed by searching for the errors and rectifying the by exploring the qbwin.log file
  •           After that, the user is required to run the balance sheet report again and then verify the balance
  •          The last step is to make an attempt to narrow down the time window, for finding out when the issue was seen

 

Other helpful steps you may try:

  •          You can run the report in accrual basis
  •         Find the date when your balance sheet went out of balance or find the transactions that are making your balance sheet out of balance
  •         Re-date the transactions
  •          Delete and re-enter the transactions

 

This brings us towards the end of this post and we expect that the information shared in above might be of some help in fixing the QuickBooks balance sheet out of balance error. However, if you are facing the error even after following the above steps, then our QuickBooks enterprise support professionals and accounting experts will be there to assist you in a single call. Feel free to dial our toll-free number i.e. 1-800-969-7370.


Source: https://brooklynne.net/profiles/blogs/repair-quickbooks-balance-sheet-out-of-balance-problem-solved


Sponsor Ads


About Steve M. Advanced   QuickBooks Certified ProAdvisor

62 connections, 2 recommendations, 199 honor points.
Joined APSense since, December 15th, 2017, From Washington, United States.

Created on Jul 10th 2020 01:30. Viewed 269 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.