Checking the Balance Sheet

It is advisable that your Balance Sheets are checked on a regular basis to ensure that there are no imbalances. There are two separate balance sheets one for Office and one for Client, it is advisable that both are checked and saved to history on a regular basis.

On the Office Balance sheet you need to check the Office Opening Balance Equity Nominal and on the Client Balance Sheet you need to check the Client Opening Balance Equity Nominal, these nominals are suspense nominals and should always be at zero.

If there are figures showing on these nominals technically the Office Balance sheet and Client Balance Sheet are out of balance and will need to be corrected.

If you have a figure showing on either of these nominals, you will need to look at the transactions on the relevant nominal itself, to be able to make the necessary postings to return the nominal back to zero.

To access the Balance Sheets:

1. Open Acounts.
2. On the Tools menu, in the Reports section, click Report Manager.
3. Click on the plus sign next to Accounts to expand the list, and again on Financial to expand the Reports list contained within this section. You will then see Balance Sheet and Client Balance Sheet reports.
4. Click on the report you want to run,.
5. Click on the Report Criteria tab over on the right hand side of the screen and selected the relevant criteria.
6. Click on the Preview or Print button. The report will then load for you to view or print.