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- On the SCorp return, the balance sheet is showing off by $1,000...why? I went through diagnostics and it cleared, but still shows $1,000 difference.
On the SCorp return, the balance sheet is showing off by $1,000...why? I went through diagnostics and it cleared, but still shows $1,000 difference.
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Kris_L
Level 1
02-03-2023
08:09 AM
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ENDING ASSETS
Cash 4,479
Buildings and other assets 162,097
Less: Accumulated depreciation (87,986) 74,111
Intangible assets 25,299
Less: Accumulated amortization (0) 25,299
Total Assets 103,889
ENDING LIABILITIES & EQUITY
Other current liabilities 2,877
Long-term notes payable 185,115
Retained earnings -83,103
Total Liabilities and Equity 104,889
Cash 4,479
Buildings and other assets 162,097
Less: Accumulated depreciation (87,986) 74,111
Intangible assets 25,299
Less: Accumulated amortization (0) 25,299
Total Assets 103,889
ENDING LIABILITIES & EQUITY
Other current liabilities 2,877
Long-term notes payable 185,115
Retained earnings -83,103
Total Liabilities and Equity 104,889
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2 Comments 2
Kris_L
Level 1
02-03-2023
08:37 AM
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I'm adding on to my message. Since I have been doing this particular client for a number of years, I took a look back at 2019, 2020 and 2021. Both 2020 and 2021 also show this $1,000 disparity, but the 2019, did not. I also noted that in 2020, there was a $1,000 advanced EIDL Grant.
I think there is something that needs to be fixed with the programming to fix this.
IRonMaN
Level 15
02-03-2023
09:47 AM
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Since there were a bazillion EIDL Grants that went out and you appear to be the only one that had their software go kittywampus over it, I'm thinking you didn't find the right spot in the software to enter it rather than it being a programming issue. The real programming issue that I can see is, the software let you e-file with a balance sheet that didn't balance.
Slava Ukraini!
