Balance Sheet Totals Not Consistent

[Derek Atkins]

Hi,

"Mike C." <mtcarr2 at verizon.net> writes:

> I have a problem with the balance sheet totals that I can't isolate.
> The Total Assets does not equal the Total Liabilities and Equity.  I
> have a large number of investment asset, income, and expense accounts
> so it is difficult to find where the problem is.  The difference
> between the Net Income on the Income Statement and the Retained
> Earnings on the Balance Sheet is about $1000 but the difference
> between Total Assets and Total Liabilities and Equity is about $20,000
> on the Balance Sheet.  I have tried using both the default accounts
> and selected all accounts with the same answer.
> It seems that the program should make these lines equal on the balance
> sheet independent of whether the inputs are correct or not so I don't
> understand how the problem happens.
> I am using version 2.2.9 on Windows XP.
> Any suggestions on how to resolve this issue would be appreciated.

Most likely you made investment sales and didn't calculate the Capital
Gains.  You'll need to track down those transactions and account for them.

> Thanks,
> Mike

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available