I've constructed a simply model in relation to a software company, and can't get the BS to balance.
The annual difference is 9.9 but I can't locate the problem anywhere?
Any help would be greatly appreciated!!
| +324 | UBS Tech MD hires Son (from no-name college) as an Intern | 54 | 14h |
| +89 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 12 | 1d |
| +75 | Evercore Intern Seizure | 16 | 14m |
| +54 | Is DCM actually underrated ? | 20 | 11h |
| +46 | Are all Tech / TMT groups sweaty? | 33 | 6h |
| +41 | UBS Groups Ranked by Future Outlook | 20 | 5d |
| +41 | JPM M&A is Gone??? Purely Coverage Banking??? | 20 | 19h |
| +37 | Am I behind? 31 Year Old Analyst | 9 | 23h |
| +36 | Losing my personality in Banking | 5 | 1d |
| +32 | UVA McIntire vs Cornell Dyson for IB | 19 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Is the difference also in the historicals? If so, your historicals are wrong and that's the problem.
If not, hit CTRL + ~ to see all formulas (and if you hit it again it turns off) and look through all the cells in the first year and see if there's a hardcoded number somewhere.
Edit: also, unhide all rows
Unfortunately the historical balance sheets balance, it's only when I forecast from 2020 onwards where the error occurs.
However, you were right and I could eliminate the 9.9 difference..now I'm only out by 1.2.
Any tips to find this last variance?
Thanks again, you have no idea how long I've been looking at this model for!
Unfortunately the historical balance sheets balance, it's only when I forecast from 2020 onwards where the error occurs.
However, you were right and I could eliminate the 9.9 difference..now I'm only out by 1.2.
Any tips to find this last variance?
Thanks again, you have no idea how long I've been looking at this model for!
what i like to do is
highlight all B/S items that change and thus affect the CFS and make sure they are correctly linked 1 by 1 then unhighlight them as you go along
create a new version and strip out all the drivers, then the model should balance, then add them back one by one to either balance it or find out where the imbalance lies
also would check that your NWC changes are calculating correctly
Sounds stupid and you probably have already done it, but also check for typos somewhere, or maybe you added one line to many. The mistake could also lie in retained earnings, so look at your incom statement as well.
Look out for cash flows. They should be 100% linked back to your balance sheet correctly. Most common errors are an opposite sign for WC. GL.
I've been missing one sock from my favorite pair of socks for 3 weeks now. Any idea where it could be?
Have you checked the washing machine? They tend to disappear there
Quidem ducimus nam quis qui qui iure vel. Quos ipsum ut est fugit dignissimos et. Illo et autem dolorum architecto dolores asperiores qui. Dolorem et ullam impedit voluptatum. Eum tenetur dolor velit. Qui molestiae est eum nihil.
Repudiandae architecto provident et et animi. Et labore voluptatum sunt. Recusandae ut ea et ut.
Saepe quos in quis laudantium quo inventore dolor. Suscipit beatae fugit et voluptatem. Officiis est eum et architecto possimus. Sit aut autem harum. Quo in voluptatum sit et velit enim voluptatem.
Illum soluta dolorem adipisci ducimus consequatur explicabo. Id voluptates optio corporis consequatur et voluptatibus. Itaque maxime voluptas accusantium dolorum id. Eius laborum et tempore. Nisi dicta enim vel error quis eveniet sequi et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...