However, any software user might have doubts. One such doubt is “resolution for balance sheet out of balance problems of Sage 50”. Let’s discover more on this topic.
Causes of Sage 50 Balance Sheet Out of Balance
- Sage 50 Account types have been changed
- Damaged transactions in Sage 50
- Damaged Sage 50 custom report
- Custom report missing general ledger account
- General Ledger Trial Balance is being filtered for specific accounts or account segments
- Account has a balance but should be zero
- Subsidiary companies are out of balance
Different Kinds of Balance Sheet Problems
🔶 Incorrect retained earnings account balance may lead to this issue.
🔶 If the figures are conflicting then it is problematic overall. For example, if the accounts don’t have similar balance on the last day of last fiscal year and no transactions on the first day of current fiscal year.
🔶 If the account was not shut due to the retained earnings account.
🔶 If the retained earnings account is split to a dissimilar account.
Steps for Fix Balance Sheet Issues with Sage 50
Total Time: 30 minutes
General Ledger Trial Balance is being filtered by GL Account ID, Account Segment, or Account Type
🔶 The starting step is that the user needs to check the errors related to damaged transaction.
🔶 Then the user needs to click on Reports & Forms. Then the user has to go to the General Ledger.
🔶 Go to General Ledger report.
🔶 Then the user has to select options and alter the Time Frame to all.
After that, click on OK.
🔶 If any error message comes up, the message and General Ledger both have to be closed.
🔶 Select a Report or Form.
🔶 Then the user has to go to the File and then choose Data Verification.
🔶 Select both the tests and then the user needs to go to Start.
🔶 Save the backup.
🔶 The tests will start in an automatic way.
🔶 Data Verification process is a must. Check the account balance.
🔶 The general ledger has to be in balance now.
Run Sage 50 Data Verification
The Other Way Is To Do Integrity Checks So That All The Sage 50 Balance Sheet Out of Balance Problem Be Resolved.
Sage 50 Technical Support Number
At accountingproblem.com you come across a well experienced Sage Support team efficient and capable in handling Sage issues effortlessly. They assure to fix all the Sage related issues with feasible solutions and in a minimum wait time. They will guide you in a step by step manner and help in resolving all doubts and queries. You can contact this highly trained Sage tech support team. They will be happy to assist you completely.