Error: Report-only journals that are out of balance

Checkout and Recalculate

Issue

A report-only journal has a balance that doesn't net to zero.

Explanation

A journal should have a zero balance as proof that journal entries have been entered correctly. This accounting method is also known as a double-entry bookkeeping system.

Solution

To fix this error, create a transaction to balance the journal (Enter Journal Amounts).

202305 2023Jul26