Forum Discussion

jfernando0403's avatar
jfernando0403
12 months ago

The Historical Balancing account balance is incorrect

The balance sheet does not balance. The difference is because  of a figure on the Historical balancing account. How can a accounting system have accounts such as a trial balance and balance sheet th...
  • Genreve_S's avatar
    Genreve_S
    12 months ago

    Hi jfernando0403, 

     

    Thank you for the response and the additional information. 

     

    May I confirm if you followed the steps mentioned in my previous response too? 

     

    We look forward to your response. 


    Thanks,
    Genreve

Kiranpatel1's avatar
Kiranpatel1

My historical balance should be xero .I am trying to do delet and 0 out  but it won't allow me . because its linked account

 

 

Earl_HD's avatar
Earl_HD
MYOB Moderator
12 months ago

Hi Kiranpatel1,

Thank you so much for your post and welcome to the Community Forum! 

My apologies for the late response. I'd suggest following the same steps to address this issue. If the out-of-balance amount aligns with the Historical Balancing account balance on the report, consider the following steps:

 

  1. Navigate to Setup >> Balances >> Account Opening Balances.
  2. Find an account where $0.00 is listed.
  3. Input $1 for that specific account, then click "Ok."
  4. Return to the Account Opening Balances window and remove the $1 entry for that account.

Please do let me know how you go on this.
Regards,
Earl

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