QB Issue Resolution:
Edit the Loan in LM and update the Principal, and the remaining number of payments, and the amortization gets back on track.
“show a difference between the LM balance and the general ledger account liability balance”
Because the Accounting is all that matters. LM is an Amortization schedule. You can get that from anywhere on the web, Excel has one, and if you got one from the lender, or each coupon, or you get the statement afterwards with the break down, don’t bother to use LM at all. No two systems compute to the exact same amount.
Resolution for Issue 'How to reconcile difference between loan manager and asset account. A payment was made outside of the loan manager. Faked a pmnt in LM to sync it. Didn’t work. Help?' available: Yes (Solved).
Source: Intuit Community forum.
How to reconcile difference between loan manager and asset account. A payment was made outside of the loan manager. Faked a pmnt in LM to sync it. Didn’t work. Help?: 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 account liability
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!
Error Recovery for account liability [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.
Additional Support Options: