Husband/Wife LLC filing as a partnership. TurboTax Business. My balance sheet is out of balance. I'm fairly certain this has to do with the the amounts I entered for cash at the end of the year. We don't pay ourselves. We simply transfer money to a personal account as needed.
TurboTax populated the amount of cash for the beginning of the year. To get an amount for the end of the year, I went to the business checking account and found the balance listed on the December statement. Service receipts are over the limit, so I cannot skip it.
Below is a screen capture of Schedule L. I'll determine the proper way to do this later. If someone would be so kind as to help me get through it this year, it would be greatly appreciated.
