QB Issue Resolution:

Sorry but balance sheet accounts carry balances forward from all prior years.  Balances can’t be limited to just a date range entered.  You can view transactions between those dates.

Resolution for Issue 'Balance sheet report for Jan 2017 – April 2017 shows “partner distributions” from 2016 under “Equity”. Any way the “equity” section can be limited to the dates?' available: Yes (Solved).
Source: Intuit Community forum.

Balance sheet report for Jan 2017 – April 2017 shows “partner distributions” from 2016 under “Equity”. Any way the “equity” section can be limited to the dates?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for accounts carry
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