Profit from balance sheet and profit & loss statement (Balance column) don't match

Causes

  1. There is an accounting difference in the Transactions table
  2. There is an account without the BClass.
  3. There is a difference in the opening balances.
  4. There are composed transactions (on several rows) that have different dates.
  5. There are cost or profit centers that by mistake are summed in the balance sheet.


Solutions

  1. Check the accounting and solve the difference. The program indicates the row from which the difference occurred.
  2. Check the BClass in the accounting plan and enter it where it is missing. For more information please visit the Accounts page.
  3. Check the cause of the opening balances difference (non allocated profit or losses, exchange rate differences that haven't been entered in the previous year, wrong balance on one or more accounts). For more information please visit the Differences in the opening balances and the Difference in opening balances (should be nil) pages.
  4. If transactions belonging to the same operation are recorded in a composed transaction (on several rows) in the Transactions table, great care should be taken to record the same date, otherwise in case a report is run by period there may be error messages.
    Check the dates of the composed registrations (on several rows) and correct if necessary the registration date.
  5. In the Accounts table check the Sum in column of cost and profit centers and make sure that there are no groups that are part of  the Assets or the Liabilities of the Balance Sheet. More details are available on the Cost and Profit Centers page.

 

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