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New Member
posted Jul 18, 2025 12:51:26 AM

If your balance sheet is out of balance, how do you move forward & get to the next step???

My balance sheet is out of balance so it won't let me move on to the next step...

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1 Replies
Level 15
Jul 18, 2025 8:57:07 AM

this problem is almost impossible to help you with in the forum because we do not have access to your financial records.

 

however, assets should =l liabilities + all the accounts that make up owner(s) equity.

owner(s) equity is usually the number at the beginning of the year + the current year's profit or - the current year's loss and - any distributions made to the owner(s). however, there are hundreds of reasons why yours may be out of balance. 

 

if you can't figure it out, you may need to upgrade to live where you can share your financial records with a TurboTax pro. 

 

this is a public forum so posting financial info is not advisable