FAQ #: 23
I am out of balance on my balance sheet done through the financial statement printing.

First of all, you need to insure that you G/L module itself is in balance. Run a Summary Trial Balance for the same period. Your Beginning Balance and Ending Balance on the Grand Total line should both be 0.00. The debits and credits on the Grand Total line should be the same figure. If either of these do not match, you need to work first on getting the G/L accounts themselves in balance.

Secondly, if the G/L accounts show in balance on a Trial Balance Report, then it must be a problem with your financial statement format. Print out the actual format, (not the actual financial statement) and compare each account found on it to a Chart of Accounts. Each account should be listed on either a type 3 line or a type 5 line. If there are accounts on your Chart of Accounts and not on your format, or if an account appears more than once on your format, then these are normally problems that need to be corrected in the format.