3 years ago
Bank account and Accounts Receivables balance in the Balance Sheet does not agree with general ledger
Hi
I have a bizarre situation.
The bank account balance as at 30/06/2022 shown in the Balance Sheet disagrees with the general ledger/bank reconciliation.
This is the balance sheet:
And if you click on the above cheque account, it shows the correct ending balance of $454,116.21.
The General Ledger Report also agrees with the above figures. The Bank Reconciliation report is correct as well.
Same problem with Accounts Receivable account.
Note I clicked on Cash/Accrual mode and include/exclude year-end adjustments options for the balance sheet report, it still shows the incorrect bank balance no matter which options I choose.
What could be the possible reason for that?
Regards,