VickyO
Level 2
02-04-2022
07:06 PM
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We track state capital accounts which are different from federal due to depreciation.
My state out of balance issue was resolved by selecting 3 on Screen 25 - Balance Sheet Miscellaneous - Current year book depreciation to be Federal/state. The default is Federal so Lacerte was using federal depreciation for California books, which threw everything off balance.