While quickbooks wont let you record an unbalanced

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While QuickBooks won’t let you record an unbalanced journal entry, if a journal entry balances but uses two different classes, one for the debit side and one for the credit side, this will cause the report to be unbalanced. Unfortunately, there is nowhere you can QuickZoom to find what is causing the problem, so you have to go with a process of elimination to spot it.
Supplemental Guide – QuickBooks Desktop 2021 Certification Course Topic 7: Class Reporting Module 8: Reporting and Other Communications in QuickBooks 93 Step-by-Step: Locate Unbalanced Class Run the report using different date ranges to find when you went out of balance. You should run the report first by month, then by week and finally by date as you narrow it down. Once you find the date use the Findwindow to search for the transaction. Adjust it to make sure the debits equal the credits for each class. In some cases there was no field to enter the class, or you entered a class but the report doesn’t support the transaction. If there is no class field for you to choose, you are most likely dealing with an unsupported transaction. There is a work-around for most of these unsupported transactions and we will cover that a bit later. Unclassified Amounts If you find your report has amounts in an Unclassified column this means the report could not use or find a class for the transaction. This happens if you forget to enter a class, there was no field to enter the class, or you entered a class but the report doesn’t support the transaction. To adjust the report, move the pointer over an amount in the Unclassified column, double-click to QuickZoom to the transaction line item and it will bring you to the original transaction. Look in the Class field and choose the appropriate class. If there is no class field to choose, you are most likely dealing with an unsupported transaction.
Supplemental Guide – QuickBooks Desktop 2021 Certification Course Topic 7: Class Reporting Module 8: Reporting and Other Communications in QuickBooks 94 Net Income Variance Another issue you occasionally see is the Net Income in the Equity section of a Balance Sheet by Class differs from the Net Income on the Profit & Loss by Class. The key here is to identify the transactions that caused the difference.
Supplemental Guide – QuickBooks Desktop 2021 Certification Course Topic 7: Class Reporting Module 8: Reporting and Other Communications in QuickBooks 95 Step-by-Step: Locate Net Income Variance Look at both the Balance Sheet by Class and the Profit and Loss by Class reports on a particular date. Run both reports on several dates to isolate the date range for the problem as you did when you researched the unbalanced amounts. After you locate the transaction you can adjust it to make sure the debits equal the credits for each class. As mentioned above, in cases where there was no field to enter a class or even if you did enter a class, it might be that the report doesn’t support the transaction. Rounding Errors Rounding errors can happen in the Balance Sheet by Class. This could occur, for instance, if an

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Term
Spring
Professor
N/A
Tags
Quickbooks, Visual Basic for Applications, Intuit

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