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Balance Sheet: I cannot figure out why the “Inventory Asset-1” on the Balance Sheet report does not match the “Inventory Valuation Summary”. I’ve tried to find where the inventory that was adjusted to 0 may still show amounts (items entered duplicated in error or that were sold before entering the inventory) but have not found any. What am I missing?

You came to the right place for help with QuickBooks. Let’s get your Inventory Valuation Summary and Balance Sheet Details report matched.

 

The discrepancy between your reports usually happens if the Inventory Asset account doesn’t have inventory items. To fix this, you can follow the steps below:

 

  1. Click Reports in the left panel.

    2. […]

Resolution for 'Balance Sheet issue: 'I cannot figure out why the “Inventory Asset-1” on the Balance Sheet report does not match the “Inventory Valuation Summary”. I’ve tried to find where the inventory that was adjusted to 0 may still show amounts (items entered duplicated in error or that were sold before entering the inventory) but have not found any. What am I missing?' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'I cannot figure out why the “Inventory Asset-1” on the Balance Sheet report does not match the “Inventory Valuation Summary”. I’ve tried to find where the inventory that was adjusted to 0 may still show amounts (items entered duplicated in error or that were sold before entering the inventory) but have not found any. What am I missing?', click the link below:

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Balance Sheet: New QBO file importing opening liability balance shows financing cash flow in wrong period

I’ve recently began using QBO and manually entered my correct opening balances for my liability accounts without issue. However, when running the statement of cash flows for the year, the liabilities I set up are showing as cash flows from financing. These were not cash flows in the current year, […]

Resolution for 'Balance Sheet issue: 'New QBO file importing opening liability balance shows financing cash flow in wrong period' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'New QBO file importing opening liability balance shows financing cash flow in wrong period', click the link below:

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Balance Sheet: How can I show a MEMO field on an invoice that will also show up on a P & L Detail Report – Accrual Method?

Understand that there are Two Memos. One is the Transaction Memo, so that is the AR or Balance Sheet memo. The other is the Line Items, which is Description on the form or template and are what typically posts details to P&L accounts. Example: the Items have Descriptions, but customize […]

Resolution for 'Balance Sheet issue: 'How can I show a MEMO field on an invoice that will also show up on a P & L Detail Report – Accrual Method?' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'How can I show a MEMO field on an invoice that will also show up on a P & L Detail Report – Accrual Method?', click the link below:

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Balance Sheet: How can I convert from QBO to desktop?

We can use the Export Data option to move your QuickBooks Online data to QuickBooks Desktop, frieda1.

 

Before doing the export process, you might want to consider the following factors:

  • Export process requirements
  • Export Limitations
  • Using Internet Explorer
  • Changing the Internet Explorer settings.

You can refer to this article for the detailed information: 

Resolution for 'Balance Sheet issue: 'How can I convert from QBO to desktop?' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'How can I convert from QBO to desktop?', click the link below:

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Balance Sheet: Just wondering if there is a way to run a P&L or Balance Sheet report and be able to choose just a few accounts, instead of all accounts?

That’s a great question and I’ll be happy to assist. Having access to the right data is important for your business. QuickBooks Online is a powerful software that lets you generate and customize reports in a few easy steps. While you can’t filter the Balance Sheet report by accounts, it’s […]

Resolution for 'Balance Sheet issue: 'Just wondering if there is a way to run a P&L or Balance Sheet report and be able to choose just a few accounts, instead of all accounts?' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'Just wondering if there is a way to run a P&L or Balance Sheet report and be able to choose just a few accounts, instead of all accounts?', click the link below:

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Balance Sheet: Budget Income and expenses

Yes, you can enter amount manually to the income and expenses so you can trace the budget. The use of the Budget in QuickBooks Desktop is to track income and expenses of the current fiscal year.

 

Here’s how:

1. Go to Company, then select Planning and Budgeting.
2. Choose Create New Budget.
3. Select […]

Resolution for 'Balance Sheet issue: 'Budget Income and expenses' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'Budget Income and expenses', click the link below:

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Balance Sheet: Balance Sheet – column order

You can manually move the columns of the report by exporting it to Excel, E21J.

 

Since there isn’t an option to do it within QuickBooks, here’s how to export the report to Excel:

  1. From the Reports menu, choose Company & Financial.
  2. Choose Balance Sheet.
  3. Click on the Excel button.
  4. Select Create […]

Resolution for 'Balance Sheet issue: 'Balance Sheet – column order' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'Balance Sheet – column order', click the link below:

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Balance Sheet: Can I change the order of the reports in the Management Reports? (I want the Balance Sheet to appear first.)

Yes you can.  What you want to do is go to your company overview report in management reports.  Click the drop down and choose edit.  Click the Profit and Loss report and then click the trash can to delete it.  Now click Add New Report.  Re-add the Profit and Loss […]

Resolution for 'Balance Sheet issue: 'Can I change the order of the reports in the Management Reports? (I want the Balance Sheet to appear first.)' available: Yes.

The Balance Sheet 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 Balance Sheet issue yourself by looking for a resolution described in the article. If it is a complex Balance Sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other Balance Sheet support options.

For more information about resolving issues related to Balance Sheet in Quickbooks/QBO or to get support for the issue 'Can I change the order of the reports in the Management Reports? (I want the Balance Sheet to appear first.)', click the link below:

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