B/S won't balance - please help!!!
Hey guys,On the way of projecting forecasts, I've encountered a problem in the B/S not balancingg...
Trending Content - Off Topic Forum
| +59 | Girlfriend found my UBS badge. I told her I was cheating. | 5 | 1d |
| +32 | Quit at 25? | 6 | 11h |
| +24 | What portable monitors are you guys actually using and would recommend? | 5 | 1h |
| +12 | Anyone still having issues with Microsoft Outlook? | 2 | 1d |
| +7 | Jensen Huang resignation | 11 | 19h |
| +6 | Honeymoon Length | 6 | 3d |
| +5 | I want to work for Google | 1 | 1d |
| +3 | Jam Band Debate | 1 | 3h |
Career Resources
Well just post your model here. You think people are really gonna PM you AND do your homework?
100%, the best way to balance an unbalanced balance sheet is to set up a new column that takes the difference of two years (20X1 and 20X2), then reconcile all your changes in the BS (e.g. AR goes up $100 year-over-year) with a corresponding entry or entries in the cash flow statement (increase in AR of $100 year-over-year). Then highlight both in green if you've got a match. Continue this until you've found your discrepancy. Do the actual cash balance last in your sequence.
Plug other current assets, guaranteed no one will even notice.
Or, you could actually look through the cash flow statement and reconcile those line items to your balance sheet and income statement. That should uncover your mistake.
Vel perspiciatis aperiam quaerat laborum ad et. Minus expedita illum quo at consectetur.
Natus possimus beatae ut libero laudantium voluptas. Ea rerum vel natus blanditiis ut dolor at. Deleniti fugiat occaecati quia qui sit.
Aut eaque alias hic minima ipsa. Amet totam quidem nesciunt ut iusto sequi nam.
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...