Out of balance financials can result from various imbalances. This article outlines the steps you can follow to resolve.
Purge and verify the account range table
Fix Transactions
Troubleshoot the amount
Prior year closing entries
Purge and verify the account range table
Replace the Account Range Table, which may be corrupted:
Log in to HandiLedger, then select your entity.
From the View menu, select Chart of Accounts.
Click Tools, then click View account range table.
Click Purge, and Yes to the next two prompts to Remove ALL alias names and Read in a new alias table.
From the Tools menu, click Verify Accounts, Start.
Click Close when verification is completed.
Run your financial report again.
Fix transactions
Log in to HandiLedger, then select your entity.
From the Tools menu, click Fix Transactions.
Click Ok.
If any out of balance transactions are found, click Fix, then Fix again to review the transaction and resolve; otherwise, click Close.
Run your financial report again.
Troubleshoot the amount
Log in to HandiLedger, then select your entity.
From the Reports menu, click Troubleshooting.
Enter the out of balance amount in the Search field, then click Ok.
Review the transactions identified in the report.
Go to View, Transactions, then click Find.
Enter the transaction number, then click Ok.
On the highlighted transaction, click View.
Click Edit to make necessary changes, then click Save, Close, then Yes to post the changes.
Run your financial report again.
Check prior year closing entries
If your report is out of balance by last year's profit or loss amount:
Log in to HandiLedger, then select the previous year for your entity.
Go to View, Transactions, then search for entries with a Y in the Closing column.
If there are more than two transactions, Close the transaction window.
Go to Entity, Open Closed Year.
Go to View, Transactions and search for entries with a Y in the Closing column. Remove these remaining entries
Go to Entity, Close Years Accounts.
Run your financial report again.
You can do additional entity-specific troubleshooting if the steps above do not resolve your scenario.