Make State balance sheet equal to federal

[mattlamcpa]

In the business modules, how do you make the state balance sheet equal to federal?

Matt Lam

[sjrcpa]

Most of the time they are equal - except for CA sometimes.

What item(s) are different?

[mattlamcpa]

It is the current year income.  The difference between assets and Liab + equity is exactly the amount of Employee Retention Credit used to reduce Wages in the tax return.

Matt Lam