Balance Sheet Imbalance Yet Nothing in Imbalance-USD Account

[Witold Kozlowski]

Hi Derek,

Thanks for the reply.

I looked into my stock purchases and sales but they all appear correct.

It turns out that the apparent imbalance occurred because I have recently created a new Expense account (subaccount of my COGS). The Balance Sheet report wasn't picking up transactions from the new account. I went into Report Settings and included it. Everything balances now. Silly me.

Thank you,
Witold


On 14 Aug 2011, at 00:24, Derek Atkins wrote:

> Hi,
> 
> On Sat, August 13, 2011 12:16 pm, witkoz wrote:
>> Hi,
>> 
>> I've searched for an answer to my question on the forum but couldn't seem
>> to
>> find an answer to it. Apologies if I missed it.
>> 
>> I've just happily entered a day's worth of transactions and suddenly found
>> that my balance sheet became unbalanced. Funnily enough, the amount in
>> "Imbalance-USD" is nil (though the "Imbalance-USD" account itself still
>> shows up on the balance sheet and does not disappear as it normally does
>> when balanced). The problem is that Assets do not equal Liabilities +
>> Equity.
>> 
>> I looked through my transactions and all seem to be balanced. How do I
>> trace
>> my mistake(s)?
> 
> Most likely you have a purchase and sale of stock or foreign currency for
> which you do not properly account for the gain or loss in the transaction.
> 
>> Please advise.
>> 
>> Thank you in advance,
>> Witold
> 
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
> 
> -derek
> 
> -- 
>       Derek Atkins                 617-623-3745
>       derek at ihtfp.com             www.ihtfp.com
>       Computer and Internet Security Consultant
>