Balance Sheet (Statement of Financial Position) Does Not Balance

Generally there are only two reasons a balance sheet does not balance:

  1. Date range of report is greater than the financial year end date 

A Balance sheet in STRATA Master is generated for a period up to 12 months. If the year-end date has passed and you wish to generate a current balance sheet, you will need to complete an End of Financial Year rollover

  1. Journals have been processed for a prior accounting period

If there have been journal entries completed for a prior accounting period the totals need to be recalculated. (Accounting > Adjustments > Rebuild Annual Rollovers)

For more information on rebuilding annual rollovers watch this video

03/05/2018 4:17 pm AEST

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