TUG Tips & Tricks: Sage 300 CRE

TUG Tip - #1 Reason Financial Statements Are Out Of Balance

Tuesday, February 22, 2022 (0 Comments)
Posted by: Cathryn Erhard

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#1 Reason Financial Statements Are Out Of Balance

The Number One reason that your current ledger or financial statements are out of balance is because there is a balance in the suspense account.

Always Confirm the suspense account has a zero balance when reconciling your General Ledger.

The Suspense account does not close to retained earnings and will cause the current ledger and financial statements to be out of balance. The Balance Sheet does not see the suspense account

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TUG Tip - #1 Reason Financial Statements Are Out Of Balance

#1 Reason Financial Statements Are Out Of Balance

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