QB Issue Resolution:
Check the accounting method on both Balance Sheet reports
One may be on “Cash” basis. Other report may be on “Accrual” basis.
On Cash basis method, there should not be A/R & A/P balances.
Resolution for Issue 'I am running parallel with Qbooks online and desktop. When I run my balance sheet, I am off by numbers appearing in my accounts payable and receivable accounts. Why?' available: Yes (Solved).
Source: Intuit Community forum.
I am running parallel with Qbooks online and desktop. When I run my balance sheet, I am off by numbers appearing in my accounts payable and receivable accounts. Why?: 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 Balance Sheet
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Error Recovery for Balance Sheet [Canada]
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