My QuickBooks balance sheet is out of balance. What should I do now to fix the problem?

One of the effective methods is to check for the date on which your balance sheet went out of balance. Go through the following steps to search for the date-

1. First, start your QuickBooks Desktop and click on the ‘Reports’ menu.

2. Choose the ‘Company & Financials’, then the ‘Balance Sheet Summary’ option.

3. After that, hit ‘Customize Report’.

4. Next, from the ‘Display’ tab, tap on the Dates drop-down arrow and opt for ‘All’.

5. Proceed towards the Report Basis field to choose ‘Accrual’ if the balance sheet went out in accrual.

6. If not, tap on the ‘Cash’ option.

7. Now, in the columns section, move to the ‘Display columns by’ drop-down menu.

8. Hit ‘Year’ and then ‘OK’.

9. Further, you are required to compare the Total Assets to Total Liabilities & Equity. You can now check when your QB balance sheet went out of balance.

10. In the end, follow the same set of instructions to find the month, week and day.

If your QuickBooks balance sheet is out of balance and you need expert’s advice, reach out to the team of professionals through 1.855.738.2784.