Balance Sheet (Statement of Financial Position) Does Not Balance
Generally there are only two reasons a balance sheet does not balance:
- 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
- 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