Peachtree Balance Sheet Out of Balance

Sage is a powerful digital platform and one of the top accounting software applications that provide different opportunities for the business to grow rapidly where the competition is extremely high. It allows companies to manage their financial requirements without concerns about security parameters. Unfortunately, at times, many Sage users come across where they require professional help to resolve the problems from roots. 

Sage 50 accounts out of balance issue have been caused due to many reasons which show that the account balance is not appropriate at the end of the year. When this error arises, at that moment the account is not capable of closing the program as the balance is different from each other. This issue needs to be repaired immediately. For this, you have to follow the below procedure mentioned in this article

What are the Major Causes for Peachtree Balance Sheets Out of Balance? 

When you search for the cause you get to know multiple reasons but it’s up to you to find the correct cause and select the right solution accordingly. For this, you need to read the causes that are mentioned below:

• It mainly happens when the user changes the account types
• When the custom report got lost general ledger account
• It mainly happens when subsidiary companies are run out of balance 
• When the account sheet become 0
• It is due to damaged or corrupted transactions 
• Maybe due to a corrupted custom report 
• It mainly happens when subsidiary companies are run out of balance 
• It occurs when General Ledger Trial Balance is being cleaned for particular accounts or account segments 
• It is due to damaged or corrupted transactions 

Types of Sage 50 Balance Sheet Out of Balance 

• Accounts have a distinctive balance on the end day of last fiscal year and at the beginning of day present fiscal year, without any transaction
• Retained Earnings bank account balance has been fragmented to some another account
• Retained Earnings account balance is not appropriate and up to the mark
• Account decline to close the retained earnings account

How to fix Sage 50 Balance Sheet Out Of Balance

Verify the Corrupted Transaction errors 

• In the first step, you have to tap on the Reports and Forms and visit the General Ledger 
• Then, you have to pick the General Ledger report 
• After this, you have to select the options and change the Time Frame to All and enter the OK option 
• If an error message is visible to you which is appeared on your computer screen, then you have to close the message and the General ledger report 
• Now, you have to choose a Report or Form
• Thereafter, you need to tap on the File and then select the Data Verification option 
• Then, you have to choose both tests and proceed by clicking on the Start 
• Afterwards, you have to restore the backup
• You will see the tests starts automatically when this finishes 
• When the Data Verification process ends, you need to verify the account balance
• Lastly, your general ledger must be in balance. 

Also Read: Sage 50 Upgrade

Integrity Checks

In case, your general ledger balance is still out of balance, or inappropriate then you have to use the integrity check. Here are the steps that you need to follow are as given below:

1. Make sure all the Sage 50 users close the program 
2. Now, you have to go to Tasks option, and open the System option and choose the Change Accounting Period 
3. Then, you have to choose the period 01 and tap on the OK button 
4. After this, you need to pick the Help option and visit the Customer Support and Service and then choose the integrity Check.
5. Then, operate the Chart of Accounts/ Journal Synchronization test 
6. Then, you need to verify the account balances. The General ledger must be in balance now. 

In case, the Account Balance is Still Inappropriate

If your account balance in the general ledger is still showing some error then, you need to follow steps are as given below:

• Firstly, you have to visit the Integrity Check and tap
• Now, you have to choose the Journal Balances box and tap the OK button
• Then, you have to go to the Integrity Check and select the option Continue 
• Afterwards, you need to choose the G/L Balances box and tap the OK button
• Lastly, you need to verify the account balances. General Ledger must be in balance.

Some more Solutions to Resolve the Issue Sage 50 Balance Sheet Out of Balance 

Operate the Chart of Accounts/Journal Synchronization test 

• In the very first step, you have to operate the test Chart of Accounts/ Journal Synchronization 
• Then, you have to the Help section and select the option Support Utilities 
• After this, you have to select the Integrity Check along with the Run Journal Balance test 
• Now, tap the Continue option to proceed with the process 
• In this step, you have to pick the box named Journal Balances and tap the OK key
• Afterwards, you have to go to the Help and pick the option Support Utilities 
• Then, you have to open the Integrity Check with Run G/L Balances test screen
• Now, again press the Continue 
• When you complete the above steps, then you have to pick the G/L Balances box and tap the Enter button 
• At last, you need to verify your report is existing or not in balance. 

Fix Inappropriate Customized or Corrupted report 

• You need to operate the standard version of the report if you are a user of customized balance sheet report or any Trial Balance report ten 
• You have to operate the Chart of Accounts/ Journal Synchronization test and the steps that are mentioned in the above solution if your standard version is out of balance too. 
• If your custom version is out of balance then you have to remove the customized report and make it again with the help of standard report as the beginning point or you can improve the custom report. 

Repair Consolidates Company is out of Balance 

1. First of all, you need to go to your subsidiary companies 
2. Then, you have to open the Report and Forms and select the General Ledger option
3. Then, you have to go to the General Ledger Trial Balance and you need to double-click on the same 
4. Now, you have to move down to the bottom 
5. After this, you need to do your debits equal to credits
6. In case they succeed to match from each other then you have to follow the process from step 6
7. In case they failed to match from each other, then you have to use the Chart of Accounts/ Journal Synchronization test.
8. Afterwards, you need to perform the above steps again for each of your subsidiary companies
9. Now, you need to consolidate again your consolidated company 
10. In the end, you have to verify whether your consolidated company is available in balance or not.

In this article, you learn a very important process that will work for you every time. Peachtree balance sheet out of balance issue occurs anytime due to many causes and some of them are mentioned above in this article. In case you have any confusion or doubt related to this process then, you can contact the Sage experts that will help you out to resolve your problem without any trouble or you can visit the www.99accounting.com website for further details.  You will get various blog posts related to other Sage 50 issues. 

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