QB Issue Resolution:

Why is my balance sheet not matching another report for the same account and date?
Answer ID: 3721

If your Balance Sheet isn’t matching another report and you’ve checked that all the settings are the same, keep in mind that a Balance Sheet carries a beginning balance. The balance sheet report is a cumulative report. The date range you set only applies to net income, and if you click on one specific account within the report.

For example, if you have $50 of sales tax in March and $60 in April, the balance sheet will show $110 for the sales tax liability account. If the date range for the report is April, it will still show the cumulative total of $110. However, if you click on the $110, its transaction detail report shows a beginning balance of $50 and then $60 transaction for April. Additionally, the sale by item report will be limited to the date range you set. If you set the report date for April, then it will truly reflect only April and show the $60 only.

Details
Answer ID 3721
Products QuickBooks Online Simple Start (H)
QuickBooks Online Essentials (H)
QuickBooks Online Plus (H)
Categories Using This Product
Date Created 11/18/2010 10:30 AM
Date Updated 04/05/2015 11:30 AM
Allow Crawling? Yes

Resolution for Issue 'Why is my balance sheet not matching another report for the same account and date?' available: Yes (Solved).
Source: Intuit Community forum.

Why is my balance sheet not matching another report for the same account and date?: 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.

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