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Why am I not getting any totals for current accounts on the balance sheet?

Article ID

ias-12214

Article Name

Why am I not getting any totals for current accounts on the balance sheet?

Created Date

11th December 2015

Product

IRIS Accounts Production

Problem

Why am I not getting any totals for current accounts on the balance sheet? A message may appear: Opening balance current year 0 does not agree to closing balance last year ? or The balance sheet just wont balance and dashes will appear next to the current/capital accounts.

Resolution

For a sole trader or partnership the balances on capital/current accounts may not appear on the balance sheet for a few reasons:
  • Check the opening balances have been run in the current year
  • Check the involvement dates for the Proprietor or Partners.
  • Select Edit| Proprietor/Partners KB12214 | Why am I not getting any totals for current accounts on the balance sheet? Make sure the ‘Start’ and ‘End’ dates are relevant to the year the accounts are being produced for. If there is an incorrect date select ‘View’ and remove it.

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