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Retained Earnings does not match on Trial Balance and Balance Sheet
11/6/09 1:26 PM, Viewed by asker 11/10/09 12:31 PM
Total Views: 37
Total Views: 37
Any idea why the Retained Earnings amount on the Trial balance is different from the Balance Sheet but when you click the RE amount on the Balance Sheet to see details it shows what is on the Trial Balance.
All Replies: Answers (1)
Comments (1)
Rating 0
Answer
11/6/09 3:59 PM
Check the Basis. Make sure they are both the same. Either both Cash or both Accrual. If they are different the numbers will be different.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
Comment
Both in Accrual Basis. I printed the Balance Sheet Previous Year Comparison and everything is OK so the problem is on the Balance Sheet-Standard Report. Why is that so?