Check balances report

The Check Balances report verifies that the values of individual investments are consistent with the balances of the Asset Accounts to which they are assigned.

This check is particularly useful at the beginning of a new accounting year to verify that:

• Opening and closing balances have been recorded correctly.
• The values of individual investments are consistent with the balances of their corresponding Asset Accounts.

Currently, the check is performed only for the current accounting year.

Why Use This Report?

The report helps you:

• Identify discrepancies between investment values and the balances of the corresponding Asset Accounts.
• Verify that investments and their assigned Asset Accounts remain consistent.
• Check the consistency of balances after year-end closing.

The report can be exported and saved at any time. For more information, see Printouts/preview.

Error Messages

• Items table not found: The Items table is not present in the accounting file.
  • Add the Items table to your file.
• No Asset found in the Items table: The Items table does not contain any Asset.
  • Add Assets to the Items table.
  • A valid Asset must have an ID and an Asset Account.
• No Asset accounts found in the Items table: No Asset Accounts have been assigned to the Assets in the Items table.
  • Define an Asset Account for each Asset using the  Asset Account column. in the Items table.