Re-read this and need to clarify. Can't find an "edit" button!
"Also, Sch M-2 is for books, and can help to reconcile any differences". M-2 is to reconcile retained earnings.
Also, you mentioned you put recorded but unpaid expenses in liabilities, and recorded sales but not received in assets; thus a/p and a/r. Depending on how you entered those items, (exactly how you entered debits and credits) may have an impact on you trying to reconcile the balance sheet. Also, the exact entries to close out net income to retained earnings may have an impact on the B/S.
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
