Discrepancy in Reports

[Shawn McGowan]

Wm,

As usual, you are spot on. Equity statement matches P &L and I did not close
the books. Can you help me understand what creates this difference?

Cheers, 
Shawn
Shawn P. McGowan 
+1 (901) 328-5780 Fax
+1 (858) 442-4002 Mobile
shwnmcgowan Skype
shwnmcgowan at gmail.com
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-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+shwnmcgowan=gmail.com at gnucash.org] On Behalf Of
Wm
Sent: Thursday, February 19, 2015 5:20 PM
To: gnucash-user at gnucash.org
Subject: Re: Discrepancy in Reports

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...
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