What is main cause of Unbalanced Sch L 1120S?

[dbtaxsolutions]

Can any one help me understand why my Sch L is not balanced on 1120S ?  the prior year entries are correct? and everything is correct on current year as per books, but there is difference of 118 431? I mean all entries are correct, where would this unbalance source be coming from? I highly suspect it's changes to retained earnings, that's the only account that can be adjusted.  Is it okay to make the line 25 adjustment to balance for the same amout? I don't know how else to fix this because all entries are correct. Thank you for any direction.

[garman22]

Withdrawals?

[dd4vols]

Did you have PTI distributions to shareholders, that you haven't put on the appropriate part of the tax worksheet? Pages 3-5 Section Items Affecting Shareholder Basis>Shareholder Distributions and Dividends Smart Worksheet  "A"

On the M-1 wkst...do you have line F checked yes?

If you have a year end trial balance...that is what s/b entered into the Schedule L.  

[sjrcpa]

Common causes:

Not having a trial balance and trying to wing it

Data entry error when there is a trial balance

[qbteachmt]

Distributions posted as Expense is a common error.