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ClawzCTR


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Balance sheet confusions... (done in QB)
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Just finished a guys accounts for the year, and ive come to produce his year ends and im all confused now. Its probably going to be real simple, but not having much use with accounting software im stumped...

My problem is that when i finish the P&L i get this figure: £17,859.24

Creating the balance sheet and i get this...

 

Capital and Reserves 
 Opening Bal Equity19,801.00
 Owners Drawings-11,077.76
 Owners Equity17,994.87
 Profit for the Year-135.63
Shareholder funds26,582.48

 

Whats wrong... :/ like i say im not very familar with accounting software, but im sure this should not be happening... :/

Rather than solving the problem for me is there anyone who can offer/guide me in the right direction? (all accounts are made up to the year end of 5/4/12, both P&L and BS)

 

Thanks in advance



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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK
Stardoe


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Hi Gary,

Are these figures produced by QB or are you calculating them yourself?



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Pauline
ClawzCTR


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In quick books, using the reports function... :/ this is why im confused....:(

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Gary

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Stardoe


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So, when you run the P & L report for the year you get a profit of £17859.24 and when you run the BS for the same period you get a reported loss of £135.63? Are you absolutely certain you are using the same dates in both reports?



-- Edited by Stardoe on Saturday 5th of January 2013 05:24:39 PM

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Pauline
ClawzCTR


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I would send you a private message to send you my number to talk about it, if you dont mind, it may be easier. But I cant... lol

Could always email it to you? :D

 

But yes I do have the same date on both, 05/04/2012... :(



-- Edited by ClawzCTR on Saturday 5th of January 2013 07:34:26 PM

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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK
Stardoe


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Hi Gary,

You could email it to me by all means - paulinechapman@blueyonder.co.uk

I'm not very good at fixing problems over the phone, I'm more a hands-on type of person



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Pauline
kjmcculloch83


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Gary, I may have the solution. If you're around i can call you this morning. Kris

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ClawzCTR


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Sorry guys i just saw your replys... :/ darn!

Im not in the office/by a computer running software, but i will be later tonight say about 8pm... is that too late?

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Gary

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kjmcculloch83


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No, thats fine

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ClawzCTR


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Whos calling who :D lol Email me your number either way... lol

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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK
Stardoe


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If you two ever decide who's calling who and come to an answer, would you mind letting me in on it? lol

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Pauline
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