[GL] Balance Sheet Not Balancing?

Created by Halie Buckingham, Modified on Wed, 21 Oct at 2:20 PM by Halie Buckingham

First check: Go to General Ledger>Programs>GL Account Parts


Go to the Instances Tab and make sure all GL accounts have a major and minor category assigned

***If cost is put to a GL account that is not assigned categories, it will not show up on financial reports



View GL Account Parts Article for more detail: [GL] GL Account Parts and [GL] GL Report Categories


Second Check: Verify that there was not an unbalanced journal entry posted 


Go to General Ledger>Programs>GL Company Parameters


Check that the 'Allow Unbalanced Entries' is not checked



To view all journal entries, go to General Ledger>Reports>GL Journal Transactions - Landscape


Review that all journal entries are balanced


Third Check: If it is the beginning of a new year, you may have to run GL Beginning Balance Update


Go to General Ledger>Programs>GL Beginning Balance Update


View the beginning balance update article for more details: [GL] GL Beginning Balance Update


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