Discrepancy in Reports

[Wm]

Thu, 19 Feb 2015 11:27:38 <024801d04c60$fa8adbc0$efa09340$@gmail.com> 
Shawn McGowan <shwnmcgowan at gmail.com>

>My business is a new start up and I am preparing for the initial year
>corporate tax return (US). When running the balance sheet and P & L reports
>for last calendar year, the net loss figure from the P & L and the retained
>loss from the balance sheet are different numbers. Can anyone suggest the
>source for this difference?

Run an Equity Statement for the period.  If that matches your P&L then 
you are probably not understanding how a balance sheet looks if you 
don't close a book.  Also look out for whether you are using the same 
prices for any currencies or stocks.

-- 
Wm...